Bank of New York Mellon Corp (NYSE:BK) is in discussions with Northern Trust (NASDAQ:NTRS) about a possible merger. The Wall Street Journal reported that although no formal offer was presented, discussions between the two banks’ CEOs have already begun.

Key Details:

• BNY Mellon has a market capitalization of $65.55 billion.

• Northern Trust holds a market cap of $21.76 billion.

• These talks are at a preliminary stage and might not culminate in a merger.

Such a merger could drastically change the landscape of the custody banking sector, combining two notable U.S.-based custodians. Recently, BNY Mellon acquired a license to establish a regional headquarters in Saudi Arabia, highlighting its ambition for global expansion as countries in the Gulf region strive to enhance their financial sectors.

Investment Considerations:

Investors interested in tracking the changing dynamics of these companies can refer to Entreprenerdly.com for real-time insights on valuation, profitability, and growth metrics, which are vital for making informed decisions regarding merger activity.