10 years ago
Bankers Trust agrees Fed ruling on disclosure
On 6 December, Bankers Trust (BT) agreed with the Federal Reserve to increase its level of risk disclosure for clients that enter into leveraged derivatives transactions.
The agreement follows a number of problems this year for BT clients, including well-publicised losses for Proctor & Gamble and Gibson Greetings - two firms that brought lawsuits against the bank.
MAM scuppers...