Northern Trust has released its results for Q4, reporting no change in its securities lending revenue from the same period in 2013.
In Q4 2014, securities lending revenue reached $21.8 million, exactly the same figure as in Q4 2013.
This has been attributed to higher loan volumes, offset by lower spreads in Q4.
Altogether, corporate and institutional services revenue reached $410 million, a 10 percent increase on Q4 2013, which reached $371 million.
Of this, custody and fund administration increased by 12 percent, and investment management increased by 4 percent. ‘Other’ fees increased by 23 percent, which has been attributed primarily to income from investment risk and analytical services.
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