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 ?
Deutsche Asset Management is the marketing name for the asset management activities of Deutsche Bank AG, Deutsche Funds Management, Bankers Trust Company, DB Alex.
The Fund is not insured by the FDIC and is not a deposit, obligation of, or guaranteed by Bankers Trust Company.
The Fund is not insured by the FDIC and is not a deposit, obligations of, or guaranteed by Bankers Trust Company.
O'Donnell and Bresner worked together in the leveraged finance origination group at Bankers Trust Company.
11 /PRNewswire/ -- Bankers Trust Company has announced its appointment as Depositary Bank for the Level I American Depositary Receipts (ADRs) of the German company, BETA Systems Software AG.
Chafkin served as Chief Executive Officer of Structured Investment Management for Bankers Trust Company.
LONDON, May 28 /PRNewswire/ -- Bankers Trust Company has announced its appointment as Depositary Bank for a second issue of Global Depositary Receipts (GDRs) by PLIVA d.
Prior to founding Springwell in 1989, Vincent was a managing director and group head at Bankers Trust Company.
5 /PRNewswire/ -- Bankers Trust Company today announced the signing of a two year extension to its agreement to provide Derivatives Processing Services to Abbey National Treasury Services plc (ANTS).
The escrow agent, Bankers Trust Company, National Association, will hold escrowed funds and securities in a separate irrevocable trust fund for the purpose of paying interest, principal, and redemption premium on all refunded bonds.
Ronald Badie, 62, served more than 35 years with Deutsche Bank and its predecessor Bankers Trust Company, including retiring as vice chairman of Deutsche Bank Alex.
18 /PRNewswire/ -- Folksam Insurance Group has appointed Bankers Trust Company as global custodian of its $3 billion international asset portfolio, effective September 12, 1997.