Seeking Alpha

Northern Trust Corporation (NTRS)

  • 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.
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Company Description
Northern Trust Corp is a financial holding company that provides asset servicing, fund administration, asset management, fiduciary and banking solutions for corporations, institutions, families and individuals.
Sector: Financial
Country: United States