What happened to Bankers Trust Company of California?

Asked by: Jed Skiles II  |  Last update: November 27, 2022
Score: 4.7/5 (36 votes)

In June 1999, Bankers Trust, including its subsidiaries, was acquired by a subsidiary Deutsche Bank AG, a bank organized and existing under the laws of the Federal Republic of Germany. Deutsche Bank was recently listed on the New York Stock Exchange ("NYSE") and its activities are reported daily in the U.S. media.

Does Bankers Trust still exist?

Bankers Trust was a historic American banking organization. The bank merged with Alex. Brown & Sons in 1997 before being acquired by Deutsche Bank in 1999. Deutsche Bank sold the Trust and Custody division of Bankers Trust to State Street Corporation in 2003.

Is Bankers Trust a good bank?

With a score of 4.3 stars out of 5, Bankers Trust Company should be solidly in contention for your choice of bank. Bankers Trust Company offers multiple banking products, which include savings accounts, checking accounts, CDs, IRAs, mortgage products and credit cards.

Is Bankers Trust only Iowa?

As Iowa's largest privately owned bank, Bankers Trust serves the personal and business banking, lending and wealth management needs of our community. Headquartered in Des Moines, Iowa, we serve Central Iowa, Eastern Iowa, and Phoenix, Ariz., and we have offices in Omaha, Neb., and Sioux Falls, S.D.

What is a Bankers Trust order?

Bankers Trust orders are usually made against banks or other organisations that are either holding misappropriated or stolen funds or have had those funds pass through them. They are an important method of tracing money as they require banks to disclose information relating to third party bank accounts.

Systemrisiko Deutsche Bank - Was sind die Altlasten von Bankers Trust ?

33 related questions found

How do I apply for a Norwich Pharmacal order?

To obtain an NPO a victim must satisfy a number of criteria.
  1. Show that there is a good arguable case that there has been wrongdoing. ...
  2. Show that the victim needs the order to take action against the wrongdoer. ...
  3. Show that the respondent has been 'mixed up' or involved in the wrongdoing.

What is the mere witness rule?

It was originally considered important to pay heed to the "mere witness" rule, namely the rule that a witness could not be compelled to give discovery before trial where that person could be called as a witness at a trial in due course.

What do bankers do?

A banker works at a bank, credit union or financial institution and assists personal and/or commercial clients with financial questions and needs. This may involve setting up accounts, budget planning or offering financial advice.

What is the meaning of bankers acceptance?

The banker's acceptance is a form of payment that is guaranteed by a bank rather than an individual account holder. The bank guarantees payment at a later time. BAs are most frequently used in international trade to finalize transactions with relatively little risk to either party.

How many employees does Bankers Trust have?

Headquartered in Des Moines, Iowa, Bankers Trust is the largest privately held financial institution in the state, and employs 565 people across the country.

What happened to the Bankers Trust Building?

The building was purchased by Deutsche Bank when it acquired Bankers Trust in 1998. It was part of the skyline of Lower Manhattan, and was demolished between 2007 and 2011.

How do you buy bankers acceptance?

If you are trying to obtain an acceptance, approach a bank with which you have a good working relationship. You need to be able to prove or offer collateral against, your ability to repay the bank at a future date. Many, but not all banks offer acceptances.

Who can benefit from using a banker's acceptance?

The banker's acceptance facilitates trade between the two unknown parties. In addition, it helps build trust between the business entities. The exporter is assured about its payment, and the importer is assured about the timely receipt of goods.

What is the major advantage of a bankers acceptance?

One advantage of a bankers acceptance is that they do not need to be held on until maturity. BAs are traded at a discount from face value in the secondary market. They can be sold off in the secondary markets where investors and institutions constantly trade BAs.

Do bankers make a lot of money?

The average annual salary of bankers was ​$76,200​ as of May 2019, according to the BLS. Those in the top 10 percent can make over ​$132,680​ annually. Bankers making the lowest wages earned below ​$32,560​.

Are bankers rich?

Right out of college, investment bankers are not rich. They are paid well and in exchange new bankers work many hours (60 - 100 hours).

What does Norwich Pharmacal order do?

A Norwich Pharmacal order is a court order for the disclosure of documents or information that is available in the United Kingdom and Ireland. It is granted against a third party which has been innocently mixed up in wrongdoing, forcing the disclosure of documents or information.

Is Norwich Pharmacal order used in Scotland?

19. Thus a Norwich Pharmacal order is a remedy developed by the courts in England and Wales, under their inherent jurisdiction, with an equivalent jurisdiction in Northern Ireland. There is no equivalent jurisdiction in Scotland.

How much does a Norwich Pharmacal order cost?

The costs involved in us bringing Norwich Pharmacal proceedings is typically in the region of £6,000 plus VAT (plus a £569 court fee) where the application is uncontested.

Who owns Norwich Pharma?

In 1982, the company, then called Norwich Eaton Pharmaceuticals, became a wholly owned subsidiary of the Procter & Gamble Company.

What is a disclosure order?

Description. A disclosure order provides a means of gathering information in an investigation. It authorises a law enforcement officer to require anyone they think has relevant information to an investigation to answer questions, provide information or to produce documents.

What are the disadvantages of bankers acceptance?

For all of the advantages, there are also disadvantages to using a banker's acceptance. No bank will offer up the credit without digging deep into a company's past. The investigation may take time and, the research may reveal issues with a company's credit that could sour the deal.

How are bankers acceptances price?

Pricing. The cost to the borrower is a function of the discount applied to the BA and an accepting fee charged by the bank. At the time of acceptance, the bank charges an acceptance fee based upon the face amount and the term of the BA.

What is a stamping fee on a banker's acceptance?

drawdown occurs, the accepting (or lending) bank guarantees the principal and interest by. stamping the paper, thus becoming fully liable for the payment upon maturity in case of non- payment by the underlying corporate borrower. The accepting bank charges a fee, called the. “stamping fee,” for this guarantee.