Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Northern Trust's headquarters on La Salle. (Jason Wabsgams/Chicago Tribune)
Financial services company Northern Trust Corp. reported a decline in quarterly profit as low interest rates weighed on securities lending revenue.
Net income slipped to $151 million, or 61 cents a share, from $157.2 million, or 64 cents, a year earlier. Get the full story »
Many children of the super-wealthy shouldn’t be counting on getting an inheritance. In a nationwide survey of 457 adults with at least $3 million in investable assets, U.S. Trust found that only 49 percent said that “leaving a financial inheritance is personally important.” Get the full story »
Penny Pritzker, one of America’s richest and most powerful businesswomen, is no longer considered an independent director of Hyatt Hotels Corp., the publicly traded company that her family controls.
Hyatt disclosed that change in its proxy statement in late April, when the list of independent directors no longer included the 51-year-old Pritzker, who was national finance chair for Barack Obama’s presidential campaign and leads several companies that are part of her family’s business empire. Get the full story »
