Chase bank fires nine, reports 2nd-quarter loss

Chase Manhattan Corporation fired nine bank officials, including two top executives, over its involvement with the default of Drysdale Government Securities and the failure of an Oklahoma City bank - dealings blamed for a $16. 1 million loss in quarterly profits.

Before confirming the firings, Chase announced a second-quarter loss of $16.1 million, compared with a profit of $100.6 million last year.

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...