Northern Trust Corp. said it plans to remain a standalone company following an approach from Bank of New York Mellon Corp. about a possible merger.

EXCLUSIVE: The White House Office of Science and Technology directed federal agencies to implement “Gold Standard Science" and de-politicize science and restore public trust.

Northern Trust is fully committed to remaining independent, the bank said on Monday, after the Wall Street Journal reported that Bank of New York Mellon had approached the asset and wealth manager ...