In Brief: Fed Expected to Back Deutsche's BT Deal

The Federal Reserve Board was expected Thursday evening to approve the acquisition of Bankers Trust Corp. by Deutsche Bank AG of Germany.

This would be the final regulatory hurdle for the deal, which was valued at $10.1 billion when announced in November. The European Commission cleared it in April and the New York Banking Department gave its approval on May 6. Bankers Trust shareholders approved the merger on April 26.

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