BofA to Acquire FleetBoston for $47B, Said toHave Upper Hand in Trading IT
ORGANIZATION AND STRATEGY
NEW YORK--Bank of America (BofA) set in motion last week a $47 billion stock purchase of FleetBoston Financial that is likely to result in BofA having the upper hand when it comes to rationalizing trading technologies, say observers.
BofA’s dominance could also set the stage for a wider deployment of the next-generation market data distribution platform, the Reuters Market Data System (RMDS).
Reuters officials, in their Q3 2003 announcement, acknowledge that the Bank of America (BofA) is among
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