Bahrain-Chase Manhattan Corp. is downsizing its trading operations in this Persian Gulf island nation.

A Chase spokesman confirmed reports that only a single dealer would handle trading in foreign currencies and emerging market securities in Bahrain as of the end of July, down from six. Bahrain is the gulf's main financial and banking center.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.