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 25,669.32 110.59 0.43%
NASDAQ 7,816.33 9.81 0.13%
NIKKEI 225 22,209.34 -61.04 -0.27%
HANG SENG 27,213.41 0.00 0.00%
DAX 12,210.55 -26.62 -0.22%
USD (per EUR) 1.14 0.00 -0.04%
USD (per CHF) 0.99 0.00 -0.04%
JPY (per USD) 110.47 0.00 0.00%
GBP (per USD) 1.27 0.00 -0.02%