11.   Morgan also profited handsomely from stock underwriting and trading, as well as a strong showing from its derivatives business.

12.   NatWest has been probing its derivatives business since the announcement of the losses and has already suspended four executives connected to the business.

13.   NatWest said it sold its European equities business to Bankers Trust New York Corp. and its U.S. and Asian equity derivatives businesses to Deutsche Morgan Grenfell.

14.   On Monday, the bank said it would create an emerging markets derivatives business by exploiting its long-standing corporate banking presence in Latin America.

15.   On Monday, the bank said it would create an emerging markets derivatives business.

16.   Some officials questioned whether the Barings banking subsidiary, which oversees the derivatives business, had sufficient expertise to monitor the situation properly.

17.   The arrangement allows Montreal to concentrate all its resources on building its derivatives business, officials there said.

18.   The bank said that these transactions represent all of the potential problems it may face from the leveraged derivatives business.

19.   The bank, by expanding its derivatives business, can offer more securities options to its corporate customers, Kaufman said.

20.   The intent of the agreement between Bankers Trust and the Fed was to make the derivatives business more transparent.