Bitcoin falls 4% to $99,237
June 22 (Reuters) - Bitcoin, the world's largest cryptocurrency by market value, was down by 4.13% at $99,237 at 10:52 a.m. ET (1452 GMT) on Sunday.
Ether, the second-largest cryptocurrency, was down by around 8.52% at $2,199.
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ALEX BRUMMER: Beware of bank mergers - they can go horribly wrong
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Times
an hour ago
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Bank of New York Mellon approached Northern Trust to discuss potential merger, WSJ reports
June 22 (Reuters) - Bank of New York Mellon Corp (BK.N), opens new tab approached Northern Trust (NTRS.O), opens new tab last week to express interest in merging with its smaller rival, the Wall Street Journal reported on Sunday. The chief executives of BNY and Northern Trust had at least one conversation, but no offer was discussed, the newspaper reported citing people familiar with the matter. BNY may approach Northern Trust in the future with a formal bid, however it may not result in a transaction, the report added. BNY has a market cap of $65.55 billion while Northern Trust has a market cap of $21.76 billion, according to LSEG. In May, BNY received a licence to set up a regional headquarters in Saudi Arabia, joining other banks lured by incentives as the kingdom seeks to boost its appeal as a financial hub. Bank of New York Mellon declined to comment, while Northern Trust did not immediately respond to Reuters request for comment.
