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Bankers Trust and Units Placed on S&PWatch,Negative Jan 96
Standard & Poors, Jan 1996
Abstract
NY -- Standard & Poor's CreditWire 1/18/96 -- Standard & Poor's places its ratings of Bankers Trust New York Corp. and units on CreditWatch with negative implications (see list below). Debt affected totals $9.3 billion. Standard & Poor's has been concerned that the performance of certain core businesses, namely the client risk management (derivatives dealing) and the securities processing and investment management businesses, has been weak or declining in quarters subsequent to the negative publicity surrounding derivatives sales practices. The overall financial results were upheld by more volatile earnings from proprietary trading and investments. New management faces the challenge of revitalizing these businesses. Meetings with management will focus on the issue of how and when costs can be brought into...
Companies mentioned in this report are: Deutsche Bank Trust Corp.,Deutsche Bank Trust Company Americas,BT Alex. Brown Inc.,Deutsche Bank Trust Company Delaware,Bankers Trust New Zealand Ltd.,Bankers Trust Australia Ltd.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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