Bankers Trust New York Corp. reportedly is paring back its Asian operations and may lay off some of its 1,500 staff members in the region.

Newswire reports of a restructuring sent shares down $3.3125 to $107.5625. "The implication," said Scott Edgar, director of research at Sife Trust Fund, "is that there's some problem" and that "they're trying to limit their exposure."

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