Bankers Trust New York Corp. plans to reorganize its derivatives unit, hoping to rein in costs and boost profits as the business recovers from two years of losses.

The nation's seventh-largest banking company will scale back administrative and processing systems, which should bolster lagging returns, said Richard Daniel, chief financial officer.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.