This quarter's disappointing net loss occurred during one of...

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.

Frank Newman Quote About Activity, Bankers, Banking, Debt, Emerging: This Quarters Disappointing Net Loss...

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