Northern Trust Corporation (NTRS) - NASDAQ
  • May 16, 2011, 1:41 PM

    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.

    | May 16, 2011, 1:41 PM
Company Description
Northern Trust Corp. operates as a financial holding company, which provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals worldwide. It operates through two business units: Corporate and... More
Sector: Financial
Industry: Money Center Banks
Country: United States