Massive departures are expected from Bankers Trust Corp.'s junk bond business once Deutsche Bank completes its acquisition of the company, scheduled for today.

More than a dozen sources said the exodus will come in July, after these bankers receive bonus checks that were intended to keep them on board only until the merger closed.

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.