Northern Trust says it's ‘fully committed to remaining independent' after report of possible BNY merger
1. Northern Trust reaffirmed commitment to independence amid BNY Mellon merger rumors. 2. BNY Mellon approached Northern Trust about potential acquisition discussions. 3. Analysts believe merger could have strategic benefits, depending on pricing. 4. Shares of Northern Trust rose 7% following merger speculation. 5. Analysts express skepticism about merger probability due to antitrust concerns.