Bankers Trust Company

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The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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. ’

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
at Bankers Trust Company, New York, New York, violated the law and
The Illinois Bankers Association (IBA) has presented Innovations in Technology awards to First National Bank of Steeleville and First Bankers Trust Company in Quincy, the company said.
Between 1985 and 1991, he worked at Bankers Trust Company and BT Securities Corporation in the senior debt syndications group, leaving as a Vice President and team leader.
Erected in 1912, the vault-like 39-story steel frame granite-clad structure at 14 Wall--the original Bankers Trust Company Building--was the tallest bank building in the world at the time of completion.
The Federal Reserve Board on December 12, 2000, announced the issuance of an order of prohibition against Bruce Jeffrey Kingdon, a former partner, operating committee member, managing director, employee, and institution-affiliated party of the Bankers Trust Company, New York, New York.
Flannery began his career at Bankers Trust Company.
She had been part of the wealth management teams of US Trust/Bank of America, Citigroup (NYSE:C), Deutsche Bank (FRA:DBK) and Bankers Trust Company. Most recently she served on an interim basis as dean of the School of Business Administration at the University of Miami.
Prior to joining Bankers Trust Company (now Deutsche Bank) in 1997, she was in the estate planning department at U.S.
[sections] 1842) to become a bank holding company by acquiring all the voting shares of Bankers Trust Corporation, New York, New York ("BT Corp"), and its wholly owned subsidiary banks, Bankers Trust Company, New York, New York ("Bankers Trust"); Bankers Trust (Delaware), Wilmington, Delaware ("Delaware Bank"); and Bankers Trust Florida, N.A., Palm Beach, Florida ("Florida Bank").(1) Deutsche Bank also has requested the Board's approval under section 4(c)(8) of the BHC Act (12 U.S.C.
Before that he was CRO at PNC Global Investment Servicing (formerly PFPC) and held senior management positions at Deutsche Bank (formerly Bankers Trust Company) and Seligman Data Corp.
He was previously at Bankers Trust Company, the predecessor to Deutsche Bank Securities, in the Investment Bank Group.
The 37-story, 1.1 million square-foot property, formerly known as the Bankers Trust Company Building, was landmarked in 1997.