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According to the provided information, a potential merger between BNY and Northern Trust could create an investment management entity overseeing US70 trillion in assets under custody/administration (AUC/A). This would make it significantly larger than the current second-largest custodian, State Street, which holds US46.7 trillion AUC/A as of Q1 2025.
Here are some of the key numbers presented:
* Northern Trust’s Q1 2025 AUC/A: US$16.9 trillion
* BNY’s Q1 2025 AUC/A: US$53.1 trillion
* Combined AUC/A (potential merger): US$70 trillion
* State Street’s Q1 2025 AUC/A: US$46.7 trillion
* Northern Trust’s current market value: More than US$21 billion
* BNY’s current market capitalization: More than US$65 billion

Video courtesy of IPO-VID In Patrick’s Opinion

Video courtesy of IPO-VID In Patrick’s Opinion