Bankers Trust Company

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Bankers Trust Company

 

one of the billionaire banks of the USA; controlled by the Morgan group. Founded in New York in 1903 with $1 million capital. Absorbed numerous small, medium-sized, and large banks.

In 1965, with the intention of expanding beyond New York City, the company created a bank holding company, the Bankers Trust New York Corporation, which controls several banks in the state of New York, including the Bankers Trust Company. It has subsidiary banks in Great Britain, France, Belgium, Switzerland, the Federal Republic of Germany, Luxembourg, Liberia, Nigeria, Tunisia, Cameroon, Senegal, the People’s Republic of the Congo (Zaire), Ivory Coast, Argentina, Colombia, the Philippines, and Taiwan and has representatives in Mexico City, Rome, Paris, Frankfurt am Main, Manila, Sydney, Beirut, Zurich, Tokyo, and other cities. The Bankers Trust Company is tied in via personal union with such large industrial monopolies as General Electric, Western Electric (AT&T), Goodrich, Otis Elevator, and Pan American Airways. In 1968 the bank had 86 branches in New York, one in London, and one in Paris.

The joint-stock capital at the beginning of 1969 was $99 million. The balance of the bank was $8 billion (at the beginning of 1960 it was $3.1 billion); investments, $7.1 billion; loans, $4.3 billion; US government bonds, $500 million; and other stocks and bonds, $900 million. ’

References in periodicals archive ?
Unfortunately, some businesses are not conforming to accounting functions and procedures resulting in stiff fines and penalties, which was apparent in the Bankers Trust case.
In addition, the Board has reviewed confidential examination and other supervisory information assessing the financial and managerial strength of Deutsche Bank and its subsidiaries and of BT Corp and its subsidiaries, including Bankers Trust in particular.
After Bankers Trust shareholders approved the transaction by a large majority and the necessary approvals were received from the relevant regulatory authorities, the acquisition becomes effective on June 4, 1999.
In May, a settlement agreement was reached to hold off foreclosure proceedings to allow Bankers Trust to find a developer to take on the project.
This is an exciting reunion of friends and former colleagues with whom I also had the privilege of working in the 1990s at Bankers Trust, which was well known for its strong middle-market and financial sponsor franchise.
Bankers Trust became the property owner after foreclosing on the original developers, a company formed by Lorimar Telepictures executives Irwin Molasky and Merv Adelson.
Bankers Trust and Creamer Realty Consultants was retained in 1993 by the Commissioner of the Kentucky Department of Insurance, acting as Rehabilitator of Kentucky Central Life to serve as the advisor for the company in regard to its real estate portfolio.
Mike Hughes, Product Manager for Depositary Receipts at Bankers Trust said: "Having pioneered this structure late last year we are delighted to be part of this important development for Central and East European companies.
Kantor was an assistant vice president in the compliance department at Bankers Trust Securities, which is owned by Bankers Trust New York Corp.
Bankers Trust Company held a mortgage on two residential condominium units owned by Mr.
NEW YORK, May 19 /PRNewswire/ -- Bankers Trust Company (NYSE: BT) today announced that The Security Benefit Group of Companies has selected the BT PreservationPlus Income Portfolio as the sole investment vehicle for its new Security Capital Preservation Fund.
The program is being co-sponsored by the New York City Housing Partnership, Bankers Trust Co.