After reporting a larger-than-expected third-quarter loss, Northern Trust Corp. said it is considering applying for a capital infusion from the Treasury Department.

Steven L. Fradkin, an executive vice president at the Chicago company and its chief financial officer, said during its earnings call Wednesday that it will probably submit an application for a capital infusion before the mid-November deadline, though he called its Tier 1 capital ratio of 9.2% as of Sept. 30 "well ahead" of the 6% minimum a financial institution needs to be considered well capitalized.

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