Latest news with #MichaelOGrady
Sky News
05-08-2025
- Sky News
Teenager jailed over 'cowardly' sex attacks on two children in Dundee on same day
A teenager who subjected two children to sexual assaults on the same day has been jailed for five years. The male youth, who cannot be named for legal reasons, was 15-years-old when he preyed on two girls in woodland in Dundee on 10 February 2023. The High Court in Edinburgh heard how he approached a 12-year-old girl and seized her by the arm before carrying out a sexual assault. He also approached a 13-year-old girl and raped her. The now 17-year-old denied any wrongdoing but was earlier this year found guilty of rape and sexual assault charges. Following his conviction, prosecutor Alistair Murray told judge Michael O'Grady KC that the accused had no previous convictions. The youth returned to the dock for sentencing on Tuesday. Defence lawyer Jim Stephenson told the court that his client had suffered adverse childhood experiences. Mr Stephenson added: "He has witnessed domestic abuse. He is a vulnerable person. He has shown a lack of maturity." Passing sentence, Judge O'Grady told the teen that he would be supervised by the authorities for three years following his release from custody. The judge added: "These assaults were cowardly, humiliating and cruel. These were wicked acts. The victims here are the girls - no one should lose sight of that."
Bloomberg
23-07-2025
- Business
- Bloomberg
Northern Trust Shares Fall After CEO Dismisses Talk of Takeover
Northern Trust Corp. shares fell as much as 6% after the bank's management dismissed recent reports of takeover talks and said it doesn't intend to sell the company. 'Contrary to recent speculation, during my tenure as CEO, we have never entertained discussions regarding the sale of the company with any financial institution, nor do we intend to,' Chief Executive Officer Michael O'Grady said on an earnings conference call Wednesday.
Globe and Mail
01-07-2025
- Business
- Globe and Mail
Northern Trust Corporation announces 2025 Stress Capital Buffer and Intent to Increase Quarterly Common Stock Dividend by 7 percent
Northern Trust Corporation today commented on the results of the Federal Reserve's 2025 Comprehensive Capital Analysis and Review (CCAR). 'The results of the Federal Reserve's annual CCAR stress tests have again confirmed the strength of our capital position and business model,' Chairman and Chief Executive Officer Michael O'Grady said. 'We continue to maintain robust capital levels and look forward to investing in our franchise and returning excess capital to shareholders, in line with our strategic priorities.' Based on the 2025 CCAR results, Northern Trust will be subject to a preliminary stress capital buffer (SCB) of 2.5 percent, which is the minimum SCB requirement under the applicable regulation and unchanged from the current level. The SCB will be effective from October 1, 2025, to September 30, 2026, and will equate to a minimum common equity tier 1 (CET1) ratio of 7 percent. Northern Trust evaluates its planned capital actions, inclusive of its quarterly cash dividend on common stock, at each quarterly board of directors meeting. At the July 2025 meeting, Northern Trust will propose an increase of $0.05/share to its quarterly cash dividend on common stock, subject to approval by its board of directors. Northern Trust will continue to take an opportunistic, considerate approach to common stock repurchases. About Northern Trust Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 24 U.S. states and Washington, D.C., and across 22 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2025, Northern Trust had assets under custody/administration of US$16.9 trillion, and assets under management of US$1.6 trillion. For more than 135 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit us on Follow us on Instagram @northerntrustcompany or Northern Trust on LinkedIn. .
