US merger brings uncertain future for BoA/Fleet staff

Officials at both banks were tightlipped following the announcement of the merger deal last Monday (October 27). But analysts and recruiters told FX Week that FleetBoston’s strengths in FX lie in its coverage of mutual funds in New England, and in the Latin American business it inherited from BankBoston after the Fleet/BankBoston merger in 1999.

Yet even here Fleet’s value to BoA may not be clear-cut. Bank of America’s FX coverage is also likely to extend to Boston-based mutual funds, said David

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