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Strong fee income and rising stock markets lifted Northern Trust (NTRS) in the first quarter. Earnings at the nation's third-largest custody bank rose 2% from the same period a year earlier, to $164 million.
April 16 -
The $94 billion-asset bank holding company said Wednesday it expects to add 400 jobs at its fund administration operation in Limerick, Ireland by 2017.
September 19 -
Citigroup (NYSE: C) is selling its consumer banking business in Greece as it part of its ongoing plan to scale back its operations in certain foreign markets.
June 13
BAC Florida Bank and Northern Trust Corp. (NTRS) in Chicago have called off a deal in which Northern Trust had planned to sell $65 million of sell international deposits to the Coral Gables bank.
The Florida Office of Financial Regulation
The deposit portfolio would have represented approximately .08% of Northern's deposits, as of Dec. 31, 2013, and nearly 6% of BAC's deposits.
But both companies mutually agreed to withdraw this application order three months after submitting it to the Florida Office of Financial Regulation, according to the South Florida Business Journal, which first reported this story.
Frank Robleto, chief executive of BAC Florida Bank, told Business Journal that there were "certain integration issues concerning the execution of the deposit purchase agreement, and dealing with them would offset some of the benefit in purchasing that portfolio."
