Merged bank technologies: When the bride wants her own furniture. (Data processing difficulties in London’s financial district.)

The first thing to be done after the honeymoon is to throw out the junk . . . Junk? That's my favourite computer system . . . And the word "incompatibility" begins to trouble those cosy marriages of brokers, jobbers and merchant banks.

By Tony Shale

The honeymoon is over for London’s newlywed financial institutions. Now is the time for the more mundane domestic arrangements and the technical difficulties of co-habitation are proving the hardest to solve. When the merchant banks, brokers and jobbers married in haste, many did not take stock of the technology possessed by their partners or of the requirements of the future. And now they are finding that there is no leisure in which to repent.

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