P528 ORACLE 528 Mon12 Oct C4 1751:10   CHEMICAL BANK  CUTS 170 JOBS Another American bank is making widespread cutbacks in staff in the UK. Chemical Bank said that it plans to make 170 of its 950 UK staff redundant under its previously announced global restructuring plan. The bank is reducing the emphasis on commercial banking while concentrating more on securities activities. Last month Shearson Lehman, the investment banking arm of American Express, cut 060 jobs in the City. City headlines 500 Newsfile 520 BRITISH AIRWAYS FLIGHT ARRIVALS 176 Units Headlines ITN Latest Your Money