Bank One Corp. plans to sell $2 billion of senior notes on Thursday, giving momentum to an expected surge in bank capital raising in the third quarter.

On Tuesday, Wells Fargo & Co., in a much smaller deal, arranged a sale of $250 million of three-year senior notes with a fixed rate of 6.375%. The deal is being done through a subsidiary, Minneapolis-based Norwest Financial Inc. It was priced at 80 basis points above Treasuries.

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