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Bank of New York Mellon acquiring Northern Trust would raise concerns, US Senator Warren says

( July 22, 2025, 20:28 GMT | Official Statement) -- MLex Summary: The Bank of New York Mellon acquiring Northern Trust would be a combination "that would present significant concerns under federal antitrust law," according to a letter from US Senator Elizabeth Warren to Chief Executive Officer Robin Vince. Warren said that the combined entity would significantly increase consolidation in asset custody and administration services, holding a market share over 30 percent.Statement follows below. See attached file....

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