Northern Trust commits to independence after WSJ report on potential merger with BNY

Written by Saeed Azhar and Bretch MG

The bank said on Monday, after the Wall Street Journal reported that the New York Mellon Bank has dealt with the director of assets and wealth to express its interest in integration, that New York (Reuters) -the bank said on Monday, after the Wall Street Journal reported that the Bank of New York Mellon has approached the director of assets and wealth to express his interest in integration.

Her spokesman said in an e -mail: “I can tell you that Northern Trust is fully committed to remaining independent and continuous in providing long -term value to our stakeholders, as we have over the past 135 years,” said her spokesman in an email.

Northern Trust shares increased by 6.5 % in the Wall Street Journal. New York Melon refused to comment on the report.

A possible deal between BNY, the largest guardian in the world, and Northern Trust reshape the asset service and wealth service industry by combining two of the largest players in the sector.

The newspaper reported on Sunday that the CEO of BNY and Northern Trust have at least one conversation, but no show has been discussed.

The report added that BNY may come close to the future Northerr Trust through an official offer, however it may not lead to treatment.

“Any deal to remove the anti -monopoly obstacles will have to be removed,” said Rajev Bhatia, an analyst at Morinjstar, adding that the State Street Street, JPMorgan and Citigroup are still a major nursery competitors.

“The Trump administration seems to have followed a light organizational approach to banks and noticed that the acquisition of $ 35 billion of Discover by Capital One was approved.”

Analysts at Kefe and Bruyette & Woods said that they see a low possibility to accomplish this reported merger, partly due to the uncertainty about the North TRST interest in the sale, as well as the expected organizational obstacles.

“We believe that the tape will be reduced soon to the largest banking merger, this possible deal will include a 1 -category bank and a category 2 bank, which may still face an obstacle higher than a great bank.”

Category 1 usually refers to American banks of systematic importance in the world.

It is widely expected to pick up banking deals in the second half of 2025, as it reduces organizational uncertainty and stabilizing interest rates on the appetite of the Board of Directors for monotheism.

BNY reached the maximum market 65.55 billion dollars, while the price of Northern Trust is 21.76 billion dollars, through the previous closure, according to LSEG.

BNY and Northern Trust provides a wide range of services that involve the money contract, their management and transfer on behalf of companies, investment companies and financial advisors.