Newspaper article from our research archive:

Bank One ditching companies May stop or reduce loans to others if they don't buy more

Bank One Corp., the No. 5 U.S. bank, will stop lending to 318 companies and notify 636 others it may drop them or extend less credit if they don't hire the bank for other business, according to an internal bank document.

The crackdown, which involves half of the Chicago-based bank's 1,828 corporate customers with more than $250 million in annual sales, is part of a drive by Bank One and other lenders such as Bank of America Corp. to boost income by using lending muscle to vie for cash management, asset management and securities underwriting assignments.

''All the banks I work with want that ancillary business,'' said Joe Cooper, treasurer of Big Lots Inc., one of the companies Bank One ...

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