Frederick H Waddell Net Worth is7.2 $Million
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Company Name: Northern Trust Corporation
Company Type: Public company
Traded As: NTRS, S&P 500
Foundation: 1889
Founder: Byron Laflin Smith
Location: Chicago, Illinois, United States
Key People: Frederick H. Waddell,
Industry: Financial services
Products: Private banking, Wealth management
Revenue: url
Operating Income: net income
Aum: assets
Equity: {{increase}} US$ 7.117 billion (2011) Num Employees: 14,100 (December 2011) Homepage: []
Northern Trust Corporation is an international financial services company headquartered in Chicago, Illinois, USA. It provides investment management, asset and fund administration, fiduciary and banking services through a network of 85 offices in 18 U.S. states and 12 international offices in North America, Europe and the Asia-Pacific region. As of June 30, 2012, Northern Trust Corporation had $94 billion in banking assets, $4.56 trillion in assets under custody and $704 billion in assets under management. In March 2010, Forbes Magazine ranked Northern Trust as the world's most admired company in the "Superregional Banks" category.
Northern Trust was founded in 1889 by Byron Laflin Smith in a one-room office in the Rookery Building in Chicago's Loop, with a focus on providing trust and banking services for the city's prosperous citizens. Smith provided 40% of the bank's original capitalization of $1 million, and counted such businessmen and civic leaders as Marshall Field, Martin A. Ryerson, and Philip D. Armour among the original 27 shareholders. Intimately acquainted with the operations of the bank, these men would personally examine Northern's assets and records at each year's end.
In October 1929, however, the flamboyant decade of the 1920s came to a sudden halta??the stock market crash led to a spectacular drop in prices, employment and production. As these troubles swept across the country, one bank after another closed. Two days after his inauguration on March 6, 1933, Franklin D. Roosevelt closed all the banks in the United States. When they reopened a short time later, there was a great deal of uncertainty as to what might occur. Fortunately, the people in line outside the Northern bank offices were there to deposit money instead of withdraw it. Northern's conservative policies had served it well during the 1920s.
By 1941 nearly half of all the bank's commercial accounts were drawn from outside the Chicago metropolitan area. During World War II, No

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Frederick H Waddell Latest News

Northern Trust CEO Frederick H. Waddell to Address Global Leaders at the Chicago Forum on Global Cities

CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) Chairman and Chief Executive Officer Frederick H. Waddell will outline the business benefit of a thriving cultural community at the inaugural Ch...
Posted: May 26, 2015, 3:00 am

Northern Trust Appoints Chief Operating Officer and Chief Financial Officer

CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation (Nasdaq ... and Morrison will continue to report to Chairman and Chief Executive Officer Frederick H. Waddell. “Bill is an exceptional leader and a ...
Posted: July 19, 2011, 6:21 am

The Y. So Much More Recognition Dinner Raises More Than $1M

Dana L. Holmes, the Chief of Staff to the President of BCBSIL, accepted the award. This year, Frederick H. Waddell, Chairman and former CEO of Northern Trust, received the So Much More Than A Leader a...
Posted: November 1, 2018, 2:05 pm
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