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.

"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.

Learn about investing from the comfort of your own home.

Portfolio Basics

Take the first steps to building your portfolio.

View Course »

Investment Strategies

Learn the strategies you need to build a winning portfolio

View Course »

Add a Comment

*0 / 3000 Character Maximum