Chase Manhattan Corp. has settled complaints brought by executives of its disbanded municipal securities department that the bank reneged on promises related to bonuses and pay, a bank spokesman confirmed last week.

The spokesman said the dispute, which had been in arbitration before the National Association of Securities Dealers, has been settled. But he said the terms are being kept confidential.

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.