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

Abstract

[Continuation of "A" and "B" cases.] 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.