On the first business day after officially merging its lead bank with Manufacturers Trust Co., Chemical Banking Corp. closed its massive funds transfer systems on time.

Both Fed Wire and Chips, the Clearing House Interbank Payments System, operated without a hitch on Monday after a weekend consolidation of back-office systems.

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.