Chase Manhattan Corp. said Monday it has created an internal business support group as part of a broad effort to economize in finance, marketing, and administrative activities.

In announcing the new unit, Chase Business Services, and in an internal memo last week, the company stressed cost-cutting objectives and said staff cuts are likely.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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