Northern Trust, UMB Financial and State Street are the three US commercial banks best placed to build retail businesses as a result of their management of top-performing funds, according to research by Putnam Lovell NBF, the investment bank.

The research, covering 35 banks, confirms that investors are keenest to back funds which boast strong long-term performance and that, if anything, the bear market has increased the attraction of top performing managers to investors.

Northern Trust best placed for retail business

Mike Foster

Northern Trust

UMB Financial

Bank of New York

Royal Bank of Canada

Credit Suisse

Washington Mutual

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

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Bank of England Cuts Rates After Tight Vote

The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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Coinbase’s Profit Jumps on Crypto Investment Gains

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