Northern Trust controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2009
Criticism of post-TARP event spending
The bank was criticized for spending connected with a sponsored golf tournament after receiving funds through the Troubled Asset Relief Program.
2005
Enron retirement-plan litigation
Employees of Enron alleged that Northern Trust mishandled fiduciary and administrative responsibilities for Enron’s 401(k) plan after the company collapsed. A reported settlement was later reduced to approximately $32.5 million, with Northern Trust neither admitting nor denying wrongdoing.