Chase Denies Report Of Planned FX Cutbacks But Some Say The Possibility Still Percolates

BANKS

"The article in the Wall Street Journal may have been too aggressive," says Fraser Seitel, senior vice president and director of public affairs at Chase Manhattan Bank, with regard to the recent article which suggested that Chase Manhattan Corp. would be making sizable reductions in its foreign exchange operations.

"If you noticed, Mr. [Richard] Boyle, [vice-chairman in charge of global banking] did not say anything about foreign exchange [layoffs]" in the article. However, bank officials

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: