Fitch Wthdr Rtgs Of Deutsche Morgan Grenfell Group & Subs.Business Editors LONDON--(BUSINESS WIRE)--March 13, 2002 Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. has withdrawn its ratings for Deutsche Morgan Grenfell Group plc and its subsidiaries Morgan Grenfell & Co Ltd and Bankers Trust The Bankers Trust is a historic American banking organisation that was acquired by Deutsche Bank in 1998. It was originally set up when banks could not perform trust company services. International PLC at their request. The Short-term ratings of all three entities were 'F1+', and Bankers Trust International had a Long-term rating of 'AA-'. Deutsche Morgan Grenfell Group is a U.K. subsidiary of Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank (DB). Its two principal subsidiaries are Morgan Grenfell & Co., a UK bank, and Deutsche Asset Management Group Ltd, an institutional asset manager. Bankers Trust International legally became Deutsche Morgan Grenfell Group's subsidiary with effect from June 1999, but almost all its operations have now been transferred elsewhere in the Deutsche Bank group. Morgan Grenfell & Co. has undergone considerable restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). since 1995, with most of its former activities transferred to Deutsche Bank's London branch and other Deutsche Bank group companies. It now houses most of DB's UK equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as business. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion