Frank Newman
Frank Newman
activity bankers banking debt emerging equity global investment loss losses market markets net occurred risk severe sustained trust war
This quarter's disappointing net loss occurred during one of the most severe global market dislocations in the post-World War II period, ... Equity markets declined, risk premiums in debt markets widened, and investment banking activity slowed markedly. Bankers Trust sustained significant losses in emerging market debt, high-yield debt and in our equity holdings.
aware bank banks bringing certainly competition directly domestic foreign indirectly investment primary processes risk
Our primary competition is still domestic banks. But we are certainly aware there is going to be competition from foreign banks directly and indirectly because every day you read about another investment in a domestic bank and they will be bringing in risk management, better processes and more capital.
bankers banking both improvement investment nearly profit revenue trust year
Bankers Trust generated broad-based improvement in both revenue and profitability in the first quarter. Bankers Trust nearly doubled investment banking profit from a year ago.