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Northern Trust gets SEC subpoena over securities lending

Northern Trust said it received the subpoena in April, relating to the company's securities-lending activities

Northern Trust said yesterday it has received a subpoena from the US Securities and Exchange Commission for documents related to the company's securities-lending activities.

In a 10-Q filing with the SEC on Monday, the Chicago-based trust bank said it would cooperate with the regulator's investigation. The company said it received the subpoena in April, but gave no further details about the investigation.

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