Underscoring the damage Bankers Trust New York Corp.'s reputation has suffered in the past year, the company has fallen from No. 1 to No. 5 among trading banks in an annual survey of corporate risk managers.
A survey of 201 executives by Treasury & Risk Management magazine found that the New York bank had been hurt by its aggressive sales tactics. Its derivatives unit was the target of a lawsuit and wound up paying a $10 million fine last year for deceptive sales practices in a transaction with Gibson Greeting Inc.