Northern Trust Raises Prime Rate
Northern Trust raised its prime rate to 7.00% from 6.75%, effective Thursday, September 17, 2026. Prime rate moves at major U.S. banks typically mirror federal funds rate changes, so this 25-basis-point increase reads as confirmation of a policy move rather than company-specific news.
Key figures
- Effective date
- Thursday, September 17, 2026
- Prime rate new
- 7.00%
- Prime rate old
- 6.75%
- Assets under management
- US$2.0 trillion
- Assets under custody administration
- US$20.0 trillion
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.