Commercial banks made major strides in junk bond underwriting last year, with seven U.S. bank holding companies taking places in the industry's top 25.

That representation was up from five in 1996, as BankAmerica Corp. (No. 18) and BankBoston Corp. (22) joined Chase Manhattan Corp. (4), J.P. Morgan & Co. (6), Bankers Trust New York Corp. (8), NationsBank Corp. (14), and Citicorp (20).

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