Faced with turbulent markets and ailing economies, Chase Manhattan Corp.'s Asian operations are de-emphasizing their credit-related businesses in favor of more fee-based activities.

"We may have cut our risk exposure, but we are definitely not pulling back from Asia," said Robert E. Fallon, managing director for Asia at Chase.

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.