Bankers Trust New York Corp. is hardly the only financial institution compelled to cut staff because of a slowing trading business - just one of the most recent and visible.

Last week, before the bank had announced it expects a $125 million after-tax loss in the first quarter - attributable mainly to derivatives and Latin American exposure - it said it would make a 5% cutback in its global investment banking unit, mainly in the derivatives area. Other accounts have said a 10% bankwide staff cut is in store.

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