An article Tuesday, Bankers Trust "Paid Retired CEO $2M for Silence" (page 24) from Bloomberg Business News, described incorrectly an agreement between the bank and its former chief executive, Charles Sanford.

Mr. Sanford agreed not to reveal information about his employment with the company and departure from it. Though Bankers Trust and its former chief financial officer agreed not to disparage each other, Mr. Sanford entered into no such agreement.

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.