What Is Bankers Trust Waiting For?

Few banks in recent years have been forced to endure the humiliation that has rocked Bankers Trust New York Corp. Long regarded as extremely shrewd, innovative, and aggressive, Bankers was hit last year with scandals involving its sales of derivatives and several client lawsuits charging unfair sales practices and deception. Most tellingly, it was accused of putting its own interests ahead of its customers'. The bank is known for its ability to effect broad organizational shifts, and many observers predicted that Bankers would soon stage a major offensive to restore its reputation.

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