Frank N. Newman bravely tried to keep Bankers Trust Corp. independent, but in the end he just ran out of time.

That is the prevailing, sympathetic view of Mr. Newman, the former BankAmerica Corp. chief financial officer and U.S. Treasury official who is capping a three-year tenure in New York by preparing to sell Bankers Trust to Deutsche Bank.

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.