Northern Trust sec lending revenue sees slight dip
23 October 2014 Chicago
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Northern Trust’s securities lending revenue decreased 3 percent in Q3 2014, from $22.7 million in Q3 2013 to $22 million, primarily reflecting lower spreads offset by higher volumes in the current quarter.
Its custody and fund administration fees increased 15 percent in Q3 2014 to $275 million.
The bank attributed the corporate and institutional services business boost to new business and the favourable impacts of equity markets and movements in foreign exchange rates.
Its custody and fund administration fees increased 15 percent in Q3 2014 to $275 million.
The bank attributed the corporate and institutional services business boost to new business and the favourable impacts of equity markets and movements in foreign exchange rates.
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