1.   Bankers Trust New York Corp. plans to reorganize its derivatives unit, hoping to rein in costs and boost profit as the business recovers from two years of losses.

2.   Ermotti headed the global equity derivatives unit.

3.   First Chicago NBD Corp. said Craig T. Bouchard, the head of its global derivatives unit, resigned.

4.   In Europe, it owns U.K. fund manger Thornton Management Ltd. and Paris-based Banque Internationale de Placement S.A., a derivatives unit.

5.   In January, Credit Suisse completed a reorganization that included merging its corporate and investment banks and its derivatives unit, Credit Suisse Financial Products into one entity.

6.   Lehman Brothers Holdings Inc. said it hired Ravi Singh as a managing director in its global equity derivatives unit in New York.

7.   National Westminster Bank Plc said it sold its European equities business to Bankers Trust New York Corp. and its U.S. and Asian equity derivatives units to Deutsche Morgan Grenfell.

8.   The report said poor management and weak controls led to the problems in the derivatives unit.