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Supplement
| HBS Case Collection
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2010
(Revised from original 2009 version)
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
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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;