Chase Manhattan Corp. has joined the vanguard of institutions addressing organizational issues related to the high-stakes Internet business.

In a memo released to employees last week, William B. Harrison Jr. said the bank would form, a unit devoted to managing ventures in new technology and working with the bank's lines of businesses to tailor products and services for the World Wide Web.

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.