Shearson, Pru-Bache Talk About Merger Of Back-Office Systems
THIS WEEK'S LEAD STORIES
Talks between Shearson Lehman Brothers Inc. and Prudential- Bache Securities Inc. on a possible merger of some of their back-office facilities could create a major player in the provision of trade-processing services on Wall Street. That result could put a squeeze on Automatic Data Processing Inc., currently the dominant provider of such services.
The proposed merger is aimed at soaking up the back-office overcapacity both firms find on their hands following huge systems buildups during the bull
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