That was the case earlier this week when a media report stated that banking conglomerate Northern Trust (NTRS 0.63%) had been approached by a potential suitor.

Acquisitions of trust banks–specialized firms that cater to the ultrarich–can be devilishly tricky, and Northern Trust is one of the biggest of the bunch.

Discussions for a potential merger of Bank of New York Mellon Corp., home to clearing and custody giant BNY Pershing, and Northern Trust Corp., which works with extremely wealthy clients, have ...

<p>Founded in 1889, Northern Trust is one of Chicago's most storied companies. Its colorful back story includes building a makeshift branch that handled the banking needs of vendors and attendees ...

Top executives had at least one “extremely early stage” conversation, perhaps as prelude to a formal bid by BNY to acquire Northern Trust, a source familiar with the matter said Monday.

Northern Trust on Monday said it is committed to full independence despite a report that it has been approached by Bank of New York Mellon about a potential merger.

Editorial: A sale of Northern Trust would be a major blow to Chicago The region already has lost Citadel, Caterpillar, Boeing, Discover and Walgreens. Is Northern Trust next?

Northern Trust Corp. said it plans to remain a standalone company following an approach from Bank of New York Mellon Corp. about a possible merger.

Northern Trust shares surged Monday after Bank of New York Mellon reportedly approached the smaller bank about a merger last week.

Northern Trust (NTRS) is committed to operating as an independent company, it said in response to a report over the weekend that BNY (BK) had approached the company about a potential merger ...

"I can tell you that Northern Trust is fully committed to remaining independent and continuing to deliver long-term value to our stakeholders, as we have for the past 135 years," its spokesperson ...

Bank of New York Mellon BK 0.94% approached Northern Trust last week to express interest in merging with its smaller rival, people familiar with the matter said, in what would be a monster deal ...