Finance staff at Abbey National and the Bank of Scotland were left in the dark this week as merger talks between the two banks hit difficulties.
Abbey National has publicly ruled out a hostile takeover bid for the Bank of Scotland, bowing to Scottish sensitivities to secure a friendly merger.
But BoS had said it seemed unlikely the approach would lead to a satisfactory transaction for shareholders.
The issues faced by the two banks are not unusual.
Two separate pieces in Accountancy Age this week highlight the difficulties of merging organisation. Oxford University associate fellow Nancy Hubbard writes that many corporate acquisitions are doomed from the start.
As in banking, merger fever is again sweeping the accountancy profession.
But in a separate article Accountancy Age looks at how not all matches of professional services firms are made in heaven.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel