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
  • DJI25679.90-84.10-0.33%
    NASDAQ7702.38-113.91-1.46%
  • NIKKEI 22521301.7351.640.24%
    Hang Seng27787.61-158.85-0.57%
    DAX12041.29-197.65-1.61%
  • USD (PER EUR)1.120.00000.00%
    USD (PER CHF)0.99-0.0001-0.01%
    JPY (PER USD)110.06-0.0190-0.02%
    GBP (PER USD)1.27-0.0001-0.01%