Fleet Financial Group's planned merger with Shawmut National Corp. should hit home quickly in two key business lines: investment products and mortgage banking.

Some of the two companies' investments businesses - including mutual funds - are likely to benefit by getting bigger. But trust and private banking could suffer from staff cuts and other management changes, experts said.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.