HSBC May Consider Buying Northern Trust

HSBC (HBC) may be considering a bid for Northern Trust (NTRS), a California-based financial services group, The Daily Mail said.

Northern Trust has more than $643 billion of assets under management and counts more than 20% of the wealthiest families in the U.S. among its clients.

Sponsored Links
"Rumors persist that [HSBC] is lining up a $65 a share cash offer," the Daily Mail said, without naming its sources.

HSBC, Europe's biggest bank, recently pulled out of a bid to acquire a majority stake in South Africa's Nedbank.
Read Full Story

Markets

DJIA 25,286.49 -100.69 -0.40%
NASDAQ 7,200.88 0.01 0.00%
NIKKEI 225 21,846.48 35.96 0.16%
HANG SENG 25,654.43 -138.44 -0.54%
DAX 11,329.61 -142.61 -1.24%
USD (per EUR) 1.13 0.00 -0.23%
JPY (per USD) 113.85 0.07 0.06%
GBP (per USD) 1.30 0.00 -0.32%
USD (per CHF) 1.01 0.00 0.23%