Chase Is Under Siege AgainKelley Holland
When Thomas G. Labrecque took the reins at Chase Manhattan Corp. in October, 1990, the bank was in turmoil. Losses on commercial real estate were bludgeoning its loan portfolio and a looming recession was putting pressure on its credit-card business. Worse, there were chronic rumors that the once proud bank built by the Rockefellers wouldn't survive on its own.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.