Custody bank Northern Trust (NTRS +1%) agrees to pay at least $100M to buy Citadel's Omnium...

|About: Northern Trust Corporation (NTRS)|By:, SA News Editor

Custody bank Northern Trust (NTRS +1%) agrees to pay at least $100M to buy Citadel's Omnium unit, which would double Northern Trust's hedge-fund servicing assets with an additional $70B. It's part of an acquisition spree as profits have evaporated with near-zero interest rates.