Wednesday, November 3, 2010

Bankers Trust Currency Trader Quits After Helping Division Post Record Gains

Bankers Trust Co. said Andrew Kreiger, a top currency trader and big contributor to its record fourth-quarter foreign exchange earnings, resigned. His resignation raises questions whether Bankers Trust can maintain its winning streak in the currency market. In 1987's fourth quarter alone, Bankers Trust earned $337.7 million from its currency trading before taxes and expenses -- making foreign exchange the bank's most lucrative area. Mr. Kreiger couldn't be reached for comment, and Bankers Trust denied that Mr. Kreiger left over a compensation dispute. His pay last year was significantly more than what bank Chairman Charles Sanford earned.

Full text: Wall Street Journal, Feb 25, 1988

forex trading system

No comments:

Post a Comment