BNY Mellon Approached Northern Trust for Merger Talks, WSJ Says

Bank of New York Mellon Corp. approached Northern Trust Corp. last week to express interest in a possible merger in what would be a megadeal for the US financial services industry, the Wall Street Journal reported.

The chief executives of the banks had at least one conversation, the Journal said Sunday, citing people with knowledge of the matter, though the firms didn’t discuss a specific offer.