Investors flocked back into bank stocks Wednesday, apparently convinced that the industry has laid its cards on the table about losses from the Russian currency and bond debacle.

Chase Manhattan Corp.'s disclosure of Russia-related hits to revenue and earnings was expected to be the last in a string of such announcements by banks this week. Chase said its exposure in Russia and Asia dampened earnings from trading in July and August and would result in $200 million in net chargeoffs.

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.