{"id":6068,"date":"2025-06-22T19:31:12","date_gmt":"2025-06-22T19:31:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/6068\/"},"modified":"2025-06-22T19:31:12","modified_gmt":"2025-06-22T19:31:12","slug":"bank-of-new-york-mellon-approached-northern-trust-to-discuss-potential-merger-wsj-reports","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/6068\/","title":{"rendered":"Bank of New York Mellon approached Northern Trust to discuss potential merger, WSJ reports"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -Bank of New York Mellon Corp approached Northern Trust last week to express interest in merging with its smaller rival, the Wall Street Journal reported on Sunday.<\/p>\n<p class=\"yf-1090901\">The chief executives of BNY and Northern Trust had at least one conversation, but no offer was discussed, the newspaper reported citing people familiar with the matter.<\/p>\n<p class=\"yf-1090901\">BNY may approach Northern Trust in the future with a formal bid, however it may not result in a transaction, the report added.<\/p>\n<p class=\"yf-1090901\">BNY has a market cap of $65.55 billion while Northern Trust has a market cap of $21.76 billion, according to LSEG.<\/p>\n<p class=\"yf-1090901\">In May, BNY received a licence to set up a regional headquarters in Saudi Arabia, joining other banks lured by incentives as the kingdom seeks to boost its appeal as a financial hub.<\/p>\n<p class=\"yf-1090901\">Bank of New York Mellon declined to comment, while Northern Trust did not immediately respond to Reuters request for comment.<\/p>\n<p class=\"yf-1090901\">(Reporting by Pretish M J in Bengaluru; Editing by Lisa Shumaker and Diane Craft)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Bank of New York Mellon Corp approached Northern Trust last week to express interest in merging with&hellip;\n","protected":false},"author":3,"featured_media":6069,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5122],"tags":[5229,7622,7624,405,403,5226,5225,7621,5228,5227,7623,67,586,132,5230,68,2969],"class_list":{"0":"post-6068","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-york","8":"tag-america","9":"tag-bank-of-new-york-mellon","10":"tag-chief-executives","11":"tag-new-york","12":"tag-new-york-city","13":"tag-newyork","14":"tag-newyorkcity","15":"tag-northern-trust","16":"tag-ny","17":"tag-nyc","18":"tag-the-wall-street-journal","19":"tag-united-states","20":"tag-united-states-of-america","21":"tag-unitedstates","22":"tag-unitedstatesofamerica","23":"tag-us","24":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114728683656460822","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/6068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=6068"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/6068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/6069"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=6068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=6068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=6068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}