Chicago-based Northern Trust Corp. has agreed to buy hedge fund manager Citadel LLC’s fund administration business, Omnium LLC, a person familiar with the situation said Thursday. The value of the deal was not known. Get the full story »
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Northern Trust buys fund unit of Irish bank
Bank of Ireland announced plans Thursday to sell its fund administration business, the Bank of Ireland Securities Services, to Northern Trust Corp. for up to 60 million euros ($82.53 million) to boost its capital levels.
Stock in Northern Trust closed at $52.14, down 26 cents.
