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Article: Merger Integration: BofA's Fleet Of Headaches: Benefits from acquisition will take years.(Bank of America's acquisition of FleetBoston)
- Article from:
- Bank Technology News
- Article date:
- December 1, 2003
- Author:
CopyrightCOPYRIGHT 2003 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bank of america bit off a mouthful when it bought FleetBoston, and the digestion promises to be fraught with all the trials and tribulations emerge in the wake of such consumption. And when the stress of keeping pace with sweeping regulatory changes and industry-wide strategic initiatives is added, tech staff on both sides of the transaction are in for a fair amount of sweating.
"There will be a lot of hiccups. Whenever you have a merger of this magnitude, it's going to be a long process, and there will be a very long path to integration," says Jim Beams, director of consumer banking research for Financial Insights, an IDC company.
BofA and technology ...
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Article: New Threats to the Cash Machine Are Emerging: BofA and ...
Banking Wire;
September 16, 2002 ;
700+ words
... ... banks want to go after." For now, analysts say banks must be smart to make ATM networks more profitable. PNC, BofA and Fleet each say they have no plans to stop charging non-customers a surcharge for using their ATMs-the surcharge, analysts ...
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