-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BFKaqXLGbQZVAXgdS4Ossb7qUXn7dBCFlVEwNAD5BcuTxuF2DOTYLYAyaaOM9o0b 0ZZpVUdJk/qLgkIikUopdA== 0000009749-98-000101.txt : 19980902 0000009749-98-000101.hdr.sgml : 19980902 ACCESSION NUMBER: 0000009749-98-000101 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980901 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980901 SROS: AMEX SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANKERS TRUST CORP CENTRAL INDEX KEY: 0000009749 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 136180473 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05920 FILM NUMBER: 98702205 BUSINESS ADDRESS: STREET 1: 130 LIBERTY STREET CITY: NEW YORK STATE: NY ZIP: 10006 BUSINESS PHONE: 2122502500 MAIL ADDRESS: STREET 1: 130 LIBERTY STREET CITY: NEW YORK STATE: NY ZIP: 10006 FORMER COMPANY: FORMER CONFORMED NAME: BANKERS TRUST NEW YORK CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BT NEW YORK CORP DATE OF NAME CHANGE: 19671107 8-K 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 F O R M 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) September 1, 1998 BANKERS TRUST CORPORATION (Exact name of registrant as specified in its charter) NEW YORK (State or other jurisdiction of incorporation) 1-5920 13-6180473 (Commission file number) (IRS employer identification no.) 130 LIBERTY STREET, NEW YORK, NEW YORK 10006 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code (212) 250-2500 Item 5. Other Events (A) On September 1, 1998, Bankers Trust Corporation (the "Registrant") announced certain financial information with respect to its 1998 third quarter to date trading results. This Current Report on Form 8-K files the press release which contains certain financial information to be incorporated into currently effective registration statements filed by the Registrant with the Securities and Exchange Commission under the Securities Act of 1933, as amended. Item 7. Financial Statements and Exhibits (c) Exhibits (99.1) Press Release of the Registrant dated September 1, 1998. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. BANKERS TRUST CORPORATION By /s/ DAVID C. FISHER DAVID C. FISHER Controller and Principal Accounting Officer September 1, 1998 BANKERS TRUST CORPORATION FORM 8-K DATED SEPTEMBER 1, 1998 EXHIBIT INDEX Exhibit Number Description of Exhibit (99.1) Press Release of the Registrant dated September 1, 1998. EX-99.1 2 BANKERS TRUST STATEMENT ON JULY - AUGUST RESULTS Today Bankers Trust Corporation reported that its 1998 third quarter to date trading result is a loss of approximately $350 million before taxes. This loss, which includes trading- related net interest income and realized losses on securities available for sale, is primarily attributable to charges to reduce the carrying amount of Bankers Trust's exposure to Russian Federation securities to 15% of face value. In the third quarter to date, Bankers Trust has accrued a $100 million credit provision, primarily reflecting conditions in Russia and Asia. Also in the third quarter, the Corporation has charged $10 million to its credit loss allowance relating to Russian assets through August. At August 31, the Corporation's remaining Russian asset exposure was approximately $350 million, of which one-half is supported by cash flows generated in Western Europe. The firm's unfavorable trading results also partially reflect adverse conditions in the United States and other financial markets. In addition, investment banking activity has declined from recent levels, as many client financings have been postponed due to volatility in global markets. Based on the Corporation's results through August, Bankers Trust expects to report a net loss for the third quarter. Bankers Trust Corporation (NYSE: BT) is the seventh largest U.S. bank holding company, with assets of over $170 billion and total stockholders' equity of $5.5 billion as of June 30, 1998. -End- Press Contact Doug Kidd, Bankers Trust, 212-250-7225 This report contains forward looking statements which are subject to certain risks and uncertainties. These risks and uncertainties could cause actual results to differ materially from the current statements. See also "Important Factors Relating to Forward Looking Statements" contained in the Corporation's Annual Report. BANKERS TRUST CORPORATION 130 LIBERTY STREET NEW YORK, NEW YORK 10006 David C. Fisher Controller and Principal Accounting Officer September 1, 1998 Securities and Exchange Commission 450 Fifth Street, N.W. Washington, D.C. 20549 Dear Sirs: Accompanying this letter is Bankers Trust Corporation's report on Form 8-K dated September 1, 1998 (the "Form 8-K"). The Form 8-K is being filed electronically through the EDGAR System. If there are any questions or comments in connection with the enclosed filing, please contact the undersigned at 212-250- 3681. Very truly yours, BANKERS TRUST CORPORATION By: /S/ DAVID C. FISHER DAVID C. FISHER Controller and Principal Accounting Officer -----END PRIVACY-ENHANCED MESSAGE-----