Exclusive | Bank of New York Mellon Approached Northern Trust to Discuss Potential Merger - WSJ
1. Bank of New York Mellon is interested in merging with Northern Trust. 2. Northern Trust's market value exceeds $21 billion, stock rose 9% YTD. 3. Talks could lead to a major financial industry merger. 4. BNY's stock surged over 50% in the past year due to recovery efforts. 5. If successful, the merger could form a $3 trillion asset-management leader.