In the wake of the confirmed AU$18.6 billion merger between Westpac and St George Bank, observers have forecast that the IT hangover from the deal could take at least three years to wear off, but in the process the merged banking entity will become one of the largest IT shops in Australia.
Acquisitions and mergers by the industry's US powerbrokers continued at pace throughout 2006, but locally, offshoring and fibre-optic broadband networks provided the biggest talking points.
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