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Northern Trust
Latest Headlines
Latest Headlines
ETF liquidations on the rise
In 2006 and 2007 combined, just one exchange traded fund closed. But over the next three years, 160 ETFs were liquidated. More are likely to shut down in 2011. That has investors and financial advisors a bit nervous, as the market ponders whether the limits of ETF growth has finally been hit.
Northern Trust soars in crisis
When we talk about the winners to emerge in the financial crisis, people tend to focus in on JPMorgan Chase (NYSE: JPM ). But there have been other banks that have thrived through the turmoil. Northern Trust, for example, was one of only two banks in the S&P 500 index not to cut its dividen
Banks get green light on TARP payback
No one is really surprised that 10 banks got the okay to repay their TARP funds. Nearly $70 billion will be paid back by JPMorgan Chase & Co., American Express, Goldman Sachs, U.S. Bancorp, Capital One Financial, Bank of New York Mellon, State Street, BB&T, Morgan Stanley and Northern Trus
Will Goldman Sachs pay back TARP funds?
As we've noted, if any bank is positioned to repay its TARP funds anytime soon, it would be Goldman Sachs. It has weathered the credit storms fairly well, and most analysts expect it to post a first-quarter profit, rebounding from its forth-quarter loss.
But will it repay the funds? It certai
Northern Trust to pay back TARP funds
Northern Trust feels a little blind sided by the controversy over its decision to fly hundreds of employees and clients to the golf tournament it sponsors in Los Angeles. Rep. Barney Frank, the chairman of the House Financial Services Committee, sent the CEO a letter "demanding that Northern Trust
The future of prime brokerage
We've noted that the balance of power in the hedge fund industry has shifted in part due to big investors who, at a minimum, want more control over their assets. Hedge funds, in turn, want more control over their prime brokers, though its unclear if they wield a lot more clout now than before the
