TITLE

Northern Trust the Real Target in BNY-PNC Deal

AUTHOR(S)
Ackermann, Matt
PUB. DATE
February 2010
SOURCE
American Banker;2/3/2010, Vol. 175 Issue 18, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author reports that Bank of New York Mellon Corp. will buy the Global Investment Servicing Inc. business unit of PNC Financial Services Group Inc. He mentions that in the opinion of industry analysts the deal is a defensive maneuver to block Northern Trust Corp. from becoming too competitive in asset services.
ACCESSION #
47893173

 

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