Subject category:
Strategy and General Management
Published by:
Harvard Business Publishing
Version: 09 February 2010
Length: 2 pages
Data source: Field research
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Abstract
Continuation of the (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 USD180 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 the (C) case.
Location:
Industries:
Size:
40,000 employees, USD12 billion
Other setting(s):
2007
About
Abstract
Continuation of the (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 USD180 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 the (C) case.
Settings
Location:
Industries:
Size:
40,000 employees, USD12 billion
Other setting(s):
2007