Bankers Trust: The banking company lost $1.42...

Bankers Trust: The banking company lost $1.42 billion in the third quarter, contrasted with net income of $162.1 million in the 1988 quarter. The loss resulted from the New York-based firm’s $1.63-billion provision for credit losses related to refinancing outstanding foreign loans. Without that, third-quarter income would have improved 11% to $180 million. The special provision aside, the results benefited from increased non-interest revenue and a lower effective tax rate although these factors were partially offset by increased noninterest expenses and the provision for credit losses other than the special provision.