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Northern Trust’s sec lending ends 2015 on a high
Latest news
Northern Trust’s sec lending ends 2015 on a high
21 January 2016
London
Reporter: Drew Nicol
Image: Shutterstock
Northern Trust’s securities lending revenue showed strong growth in Q4 2015, with revenue growing 13 percent on over the previous quarter.
The bank chalked up $22.3 million from its securities lending business in Q4 last year, compared to $19.8 in Q3.
Year-to-year data also showed modest growth of 3 percent from Q4 2014’s $21.8 million to 2015.
In its quarterly report, the bank pointed to high spreads as the cause for the increase in revenue.
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