A Bankers Trust order is a type of injunctive remedy of the court which requires a financial institution to provide information and documents in respect of a customer who has perpetrated a fraud.
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.
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.
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.
Headquartered in Des Moines, Iowa, Bankers Trust is the largest privately held financial institution in the state, and employs 565 people across the country.
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.
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.
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.
6 World Trade Center included the United States Department of Commerce, Bureau of Alcohol, Tobacco, Firearms and Explosives, and the United States Department of Labor. 7 World Trade Center included Salomon Smith Barney, the U.S. Securities and Exchange Commission, Standard Chartered Bank, and the U.S. Secret Service.
The indictments against the John Galt Corp., Jeffrey Melofchik, Mitchel Alvo and Salvatore DePaola also allege negligent homicide and reckless endangerment. The indictment is the result of an investigation into an August 18, 2007, blaze that consumed nine floors of the Deutsche Bank building.
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.
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.
Key Takeaways. A bank guarantee is a promise from a lending institution that ensures the bank will step up if a debtor can't cover a debt. Letters of credit are also financial promises on behalf of one party in a transaction and are especially significant in international trade.
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.
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.
A banker's acceptance is considered to be a very safe asset, and is used extensively in international trade. A bank will only issue an acceptance when it is comfortable with the issuer's ability to redeem the debt when due.
MethodFormulaCalculationBanker'sAcceptance(BA)Interest × 12Net proceedsInterest0.061/12 × $2,000,000 = 10,167Netproceeds2,000,000 – 10,167 = 1,989,833BA cost(10,167 × 12)/1,989,8330.0613Lineofcredit(LOC)(Interest + Commitment fee) × 12Usable loan amountInterest0.06/12 × $2,000,000 = 10,000Commitmentfee$4,000/12 = 333 ...
Because the bank's credit is good, the banker's acceptance can be sold easily in the money markets and when it comes due; the bank will pay, if necessary, if the importer does not.
The decade-long litigation between Bovis, now Lend Lease, and retired firefighters Steven Olsen and Vincent Massa is rooted in injuries the men sustained on Aug. 18, 2007, when a fire broke out on the 17th floor of a skyscraper at 130 Liberty Street.
Cantor Fitzgerald L.P., an investment bank on the 101st–105th floors of One World Trade Center, lost 658 employees, considerably more than any other employer.
On the 107th floor of this building was a popular tourist attraction called "Top of the World Trade Center Observatories," and on the roof was an observation deck accessible to the public and a disused helipad at the center.
Cantor Fitzgerald had two choices after it lost 658 people, or the majority of its New York workforce, when terrorists attacked the World Trade Center 20 years ago: Shut down, or keep going in their memory.
Cantor Fitzgerald has since rebuilt its infrastructure, partly by the efforts of its London office, and it now has its headquarters in Midtown Manhattan.
Howard W. Lutnick is Chairman and CEO of Cantor Fitzgerald L.P., one of the world's leading financial services firms, and Chairman and CEO of BGC Partners Inc., a leading global brokerage company primarily servicing the wholesale financial and real estate markets.