Corrections and Amplifications

Credit-card chargeoffs by Chase Manhattan Corp. in the third quarter were about 50 basis points below industry averages, according to chairman Thomas Labrecque. An article on Dec. 4 misstated Mr. Labrecque's estimate.

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.