Fundamentals of Changing a Bank’s Core System

The announcement that BB&T will make a $28.2 billion all-stock acquisition of SunTrust Bank — which, when it closes, will be the largest bank merger in a decade — has led to the resurfacing of a common refrain: how should a bank overhaul its legacy core banking system. “This is a massive project,” Ed Page, managing director at Protiviti, …Read More

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