In short . . .

Chase Manhattan Bank said liquidation of the Drysdale Government Securities portfolio has been completed and its losses on Drysdale's default will be roughly $18 million less than it had first anticipated. Chase acquired the portfolio after Drysdale defaulted May 18 on more than $200 million in coupon interest payments to major brokerages.

You've read  of  free articles. Subscribe to continue.
QR Code to In short . . .
Read this article in
QR Code to Subscription page
Start your subscription today