24/7 Wall St.
04-11-2008, 01:10 PM
24/7 Wall St. Daily News
National City Inc. (NYSE: NCC), has fallen on reports that the Bank of Nova Scotia (NYSE: BNS), the second largest Canadian lender by assets, has offered an minority investment in the troubled bank. National City has written down some $333 million in the fourth quarter, largely due to its exposure to the wonderful Florida and Ohio housing markets. The bank has also been noted recently as being under pressure from regulators to boost its capital and reserves or to find a potential buyer before first quarter results are released this month. Supposedly both KeyCorp (NYSE: KEY) and Fifth Third Bancorp...http://feeds.feedburner.com/~f/typepad/RyNm?i=tbqmT0G</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=tbqmT0G) http://feeds.feedburner.com/~f/typepad/RyNm?i=L00NspG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=L00NspG) http://feeds.feedburner.com/~f/typepad/RyNm?i=Q1wqt0g</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Q1wqt0g)
complete story here... (http://www.247wallst.com/2008/04/is-national-cit.html)
National City Inc. (NYSE: NCC), has fallen on reports that the Bank of Nova Scotia (NYSE: BNS), the second largest Canadian lender by assets, has offered an minority investment in the troubled bank. National City has written down some $333 million in the fourth quarter, largely due to its exposure to the wonderful Florida and Ohio housing markets. The bank has also been noted recently as being under pressure from regulators to boost its capital and reserves or to find a potential buyer before first quarter results are released this month. Supposedly both KeyCorp (NYSE: KEY) and Fifth Third Bancorp...http://feeds.feedburner.com/~f/typepad/RyNm?i=tbqmT0G</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=tbqmT0G) http://feeds.feedburner.com/~f/typepad/RyNm?i=L00NspG</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=L00NspG) http://feeds.feedburner.com/~f/typepad/RyNm?i=Q1wqt0g</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Q1wqt0g)
complete story here... (http://www.247wallst.com/2008/04/is-national-cit.html)