Bankers Trust was a prominent American banking organization founded in 1903 by Henry P. Davison with a group of New York bankers. It initially focused on providing trust services to customers of other banks. Over the decades, it expanded significantly, becoming a major player in commercial banking, investment banking, and asset management. Known for its innovation, particularly in derivatives trading during the 1980s and 1990s, Bankers Trust had a significant global presence. However, after facing financial difficulties and controversies in the late 1990s, it was acquired by Deutsche Bank in November 1998 for approximately $10.1 billion, with the deal finalizing in June 1999. The acquisition effectively ended Bankers Trust's independent operations, and its assets and operations were integrated into Deutsche Bank.
Served as the primary global command center for the bank's extensive operations, including executive management, strategic planning, and core financial services divisions.
The 14 Wall Street building is renowned for its distinctive stepped pyramid roof, which was an early and influential skyscraper design. It was one of the tallest buildings in the world upon completion in 1912.
Historically, Bankers Trust was known for an aggressive and innovative, yet sometimes controversial, corporate culture, particularly in its trading and investment banking arms. It attracted highly ambitious individuals.
The headquarters symbolized Bankers Trust's stature as a major financial institution in the U.S. and globally, particularly its Wall Street location signifying its deep involvement in American finance.
Prior to its acquisition by Deutsche Bank in 1999, Bankers Trust maintained a significant global presence, with offices and operations in major financial centers across North America, Europe, Asia, Latin America, and Australia. Its functions supported globally included corporate finance, trading in equities, fixed income, currencies, and commodities (FICC), derivatives, asset management, trust and custody services, and private banking.
14 Wall Street (Historically; other locations like 280 Park Avenue were also used later)
New York
NY
USA
Address: Specific historical addresses varied; typically in the City of London financial district.
Facilitated access to European capital markets, managed relationships with European corporations and institutions, and conducted foreign exchange and derivatives trading.
Address: Specific historical addresses varied; typically in major financial districts like Marunouchi or Otemachi.
Provided access to Japanese financial markets, supported multinational clients operating in Asia, and engaged in regional investment activities.
Address: Specific historical addresses varied; typically in the Bankenviertel (banking district).
Strengthened presence in the Eurozone (and pre-Euro European markets), facilitated trade finance, and supported investment banking activities within Germany and neighboring countries.
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As of April 2025, Bankers Trust' leadership includes:
Bankers Trust has been backed by several prominent investors over the years, including:
Bankers Trust was acquired by Deutsche Bank in 1999 and ceased to operate as an independent entity. Therefore, there have been no executive hires or exits for Bankers Trust in the last 12 months.
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Bankers Trust was acquired by Deutsche Bank in 1999. Its original email domains (e.g., @bankerstrust.com or @btco.com) are no longer active or in use. Any attempt to use these formats would be unsuccessful.
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Deutsche Bank Press Release / Financial Times • June 4, 1999
Deutsche Bank announced the completion of its acquisition of Bankers Trust Corporation. This created one of the largest financial services companies in the world, combining Deutsche Bank's strength in commercial and retail banking with Bankers Trust's expertise in investment banking and asset management....more
The New York Times • November 30, 1998
Deutsche Bank AG agreed to acquire Bankers Trust New York Corporation for $9.7 billion in stock, a deal that would create the world's largest financial services company by assets. The acquisition aimed to bolster Deutsche Bank's presence in North America and its investment banking capabilities....more
Associated Press • January 20, 1995
Procter & Gamble Co. sued Bankers Trust Co., accusing the bank of fraud in connection with complex derivative transactions that led to significant losses for P&G. This was one of several high-profile cases that damaged Bankers Trust's reputation in the mid-1990s....more
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