how much bigger does BK have to be? Why they need to buy Northern Trust is beyond me. BK already has scale and is the largest custodial/admin. in the world. THe asset management is big and is doing about as well as anyone. I would rather they cultivate and grow their existing business and leave the mega-merger nonsense to the likes of Citi and Bank of America.
Anyone have a prediction on where the divi will be after the TARP repayment? say 2010?