币界网报道：BNY Mellon is reportedly in early-stage discussions with Northern Trust about a potential merger, according to sources familiar with the matter cited by The Wall Street Journal. The talks, which could create one of the largest custody banks globally, remain preliminary and may not result in a deal. Both firms specialize in asset servicing and wealth management, with BNY Mellon holding $47.8 trillion in assets under custody and administration, while Northern Trust oversees $16.6 trillion. The potential merger comes amid industry consolidation pressures as custody banks face shrinking margins due to low interest rates and rising competition. Analysts note that combining the two institutions could yield significant cost savings and operational synergies. However, regulatory scrutiny and integration challenges may pose hurdles. Neither company has officially commented on the discussions. The news follows recent consolidation trends in financial services, including State Street's acquisition of Brown Brothers Harriman's investor services business last year.