Steep gains from trading operations and tighter credit controls helped banks, including the nation's largest, post some record third-quarter results Tuesday.

Profits were up 14% at Chase Manhattan Corp., the country's biggest bank, to $982 million. Chairman and chief executive officer Walter V. Shipley credited across-the-board revenue gains and continuing benefits from last year's merger with Chemical Banking Corp. for the impressive showing.

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.