Bankers Trust New York Corp. has agreed to pay $67 million to partially compensate Air Products and Chemicals for leveraged derivatives losses.

The settlement, disclosed Wednesday by Air Products, is the largest to date by Bankers Trust, dwarfing the $14 million it paid to Gibson Greetings or the $12 million to Federal Paper Board Co.

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.