Supplement | HBS Case Collection | October 2009 (Revised February 2010)

Merger of Equals: The Integration of Mellon Financial and The Bank of New York (B)

by Ryan D. Taliaferro, Clayton S. Rose and David Lane

Abstract

[Continuation of "A" case.] 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. [Continues with “C” case.]

Keywords: Mergers and Acquisitions; Integration; Banks and Banking; Banking Industry;

Citation:

Taliaferro, Ryan D., Clayton S. Rose, and David Lane. "Merger of Equals: The Integration of Mellon Financial and The Bank of New York (B)." Harvard Business School Supplement 210-025, October 2009. (Revised February 2010.)