Financial Colsolidation at Fleet Financial and BankBoston

Abstract: A 9 page paper discussing the merger of New England's largest banking institutions and including a brief discussion of the trend of consolidation within the financial industry. Banking industry analysts watch the melding of the two dissimilar companies with interest and warnings of increased operations risk, but with optimism for the new organization's ultimate success. Individual investors and banking customers, however, are far less charitable and the Federal Reserve is watching the evolution with an eye toward ensuring that adequate competition exists in New England when the two entities combine to form the nation's eighth-largest bank. Fleet Financial will need to ensure that investors and customers are contented enough so that it maintains earnings; otherwise, the new organization could itself become the takeover target of a still-larger bank. Bibliography lists 12 sources.

Filename: KSfleet.doc

Pages: 9

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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