NEW YORK (Reuters) -Northern Trust is fully committed to remaining independent, the bank said on Monday, after a Wall Street Journal report said Bank of New York Mellon had approached the asset and wealth manager to express interest in a 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 said in an email.
The comments came after a Wall Street Journal report said Bank of New York Mellon Corp had approached Northern Trust recently to express interest in a merger with its smaller rival.
(Reporting by Saeed Azhar)
