Moniker “BoNY M” cited as evidence of lack of forethought in BNY/Mellon Merger

8 December 2006

IPE.com reports today that some clients aren’t comfortable with the merger between Bank of New York and Mellon Financial.  As evidence of what IPE.com says might be a rush to the alter, it cites how the merged company now shares the same name as 80’s Euro-disco band “Boney M“.  Says IPE.com:

“The fact the deal was done in five to six weeks – and that the PR own goal of the “BoNY M” name was allowed to pass – is seen as evidence that it was put together too fast.”

“Own goal” indeed.

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One Response to “Moniker “BoNY M” cited as evidence of lack of forethought in BNY/Mellon Merger”

1. All About Alpha » Blog Archives » ABN AMRO’s Asset Management Business: A moment of truth for Barclays Says:
   March 21st, 2007 at 10:57 pm

   […] Looks like BoNY M will have to update its list of trillionaires.  Number one UBS ($2.016t) is being trumped by Barclay’s / ABN AMRO ($2.058t).  But the difference is “razor thin” at a mere $42 billion (a tad larger than the GDP of Kenya for those keeping score at home).  […]