SECURITIES

Bankers Trust Says It Still Leads in Derivatives: The company said it has not lost the position despite the well-publicized losses of some clients. Gibson Greetings Inc., which alleges it suffered severe losses in derivatives trading, filed a lawsuit against Bankers Trust New York Corp. in September. Gibson claims Bankers Trust was to blame for losses it suffered on interest rate swaps. Bankers Trust responded that Gibson’s losses resulted from the greeting card company knowingly taking positions on the movements of interest rates. Another Cincinnati-based client, Procter & Gamble Co., has said it might sue the bank over derivatives losses this year. P&G; took a $102-million charge to earnings in the first quarter for losses on swaps.