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Northern Trust Corporation


Self Description

December 2004: "Founded in 1889, Northern Trust is one of the world’s leading financial institutions. Our global reach, industry-leading technology and expert staff combine to provide custody, trust, investments and banking services  with the highest quality service.

With more than a century of exceptional service, Northern Trust knows how to navigate volatile markets and a challenging economy.

Northern Trust remains one of largest global custodian and asset managers, despite fluctuations in the financial climate. Our consistently strong financial performance, as of June 30, 2003, includes:

  • $41 billion in banking assets
  • $2.3 trillion in assets under administration
  • Over $527 billion in assets under investment management"
http://www.ntrs.com/aboutus/index.html

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Articles and Resources

Date Fairness.com Resource Read it at:
Jul 02, 2008 Obama Got Discount on Home Loan: Campaign Defends Lower Rate as Lender Competition for Business

QUOTE: Modest adjustments in mortgage rates are common among financial institutions as they compete for business or develop relationships with wealthy families. But amid a national housing crisis, news of discounts offered to Sens. Christopher J. Dodd (D-Conn.), chairman of the banking committee, and Kent Conrad (D-N.D) by another lender, Countrywide Financial, has brought new scrutiny to the practice and has resulted in a preliminary Senate ethics committee inquiry into the Dodd and Conrad loans.

 Washington Post
Nov 24, 2004 Gatekeepers: Flexing Business Muscle: Credit Raters' Power Leads to Abuses, Some Borrowers Say

QUOTE: Moody's began evaluating Hannover anyway, giving it weaker marks over successive years and publishing the results while seeking Hannover's business....even as other credit raters continued to give Hannover a clean bill of health, Moody's cut Hannover's debt to junk status.

 Washington Post