| HBS Case Collection
(Revised February 2010)
Merger of Equals: The Integration of Mellon Financial and The Bank of New York (A)
Less than a month after the close of the merger between The Bank of New York and Mellon Financial, managers at the two firms realized that plans for combining their asset servicing businesses—and realizing the $180 million of annual cost savings that they had promised Wall Street—were fraught with risk. Senior executives must evaluate the seriousness of the risks and identify alternative ways of integrating the two firms, while safeguarding the technologies that process and clear a substantial fraction of the world's financial transactions.
Keywords: Mergers and Acquisitions;
Financial Services Industry;