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Industry news

Northern Trust’s sec lending ends 2015 on a high


21 January 2016 London
Reporter: Drew Nicol

Generic business image for news article
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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