Big bank mergers, big cuts in data spend? Not so fast, experts say
With hundreds of millions of dollars spent per year on data and associated technologies, a merger the size of UBS’ takeover of Credit Suisse has the potential to take a huge chunk out of data vendors’ revenues. What’s the path forward?
Most large-scale mergers or takeovers go through significant planning and strategic decision-making before anything is agreed or announced publicly. Then, there’s typically a long period while the deal is hashed out or while the parties await regulatory approval, during which time the firms and their IT and data organizations are able to share information and prepare for integrating their systems and services.
Not so in the case of UBS’ purchase of Credit Suisse: In such “fire sale” scenarios
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