Bankers Trust New York Corp.'s derivatives business will make money next year, but the unit will never be the earnings juggernaut it was in the early 1990s, the bank's top executive said.

"I expect it to be profitable some time next year, if not before this year is out," said chairman and chief executive Frank Newman.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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