For Chase Manhattan Corp.'s James B. Lee Jr., the crop of commercial and investment banks that have rushed their brand of "one-stop shopping" to the market this year is the sincerest form of flattery.

"The fact that Street firms have gone aggressively into the lending business underscores the power of one-stop shopping," Mr. Lee says. "But our leveraged finance experience and scale gives us certain advantages."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.