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July 25, 2008 11:36:58 PM CDT

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Stories related to: National City

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4 Stories

  • July 2008

    • Investors Fall Out of Love With Banks

      newser  |  New York Times  |  Jul 16, 08 7:39 AM CDT

      Investors Fall Out of Love With Banks

      With the nation's banks under pressure from bad loans, and sources of credit scarce, bank customers aren't panicking, the New York Times notes, but  investors are, fleeing an industry much more accustomed to being a Wall Street darling . Bank shares continued their downward spiral yesterday, with the S&P Regional Bank Index down 4% on top of Monday’s 11% drop. More »

      Tags

      mortgage crisis  • subprime mortgage crisis  • mortgage defaults  • National City

  • April 2008

    • National City Close to $6B Cash Infusion

      newser  |  Wall Street Journal  |  Apr 21, 08 7:06 AM CDT

      National City Close to $6B Cash Infusion

      Battered National City—which has seen shares plummet 78% as it's been overwhelmed by the subprime fiasco—is close to a $6 billion bailout funded by some of its largest shareholders and private equity firm Corsair Capital, reports the Wall Street Journal . The infusion for the Cleveland-based bank would be the third rescue package this month for a struggling bank that offers discounted shares to raise capital. More »

      Tags

      subprime crisis  • JPMorgan Chase  • corporate earnings  • credit market chaos  • National City  • Fifth Third

  • March 2008
  • August 2007

    • Banks Tighten Credit Squeeze

      newser  |  Wall Street Journal  |  Aug 3, 07 4:38 AM CDT

      Banks Tighten Credit Squeeze

      Lenders are cutting credit, tightening standards or raising interest rates to a broader range of borrowers beyond those with weak credit records who qualify for subprime loans, the Wall Street Journal reports. Panic is spreading to a category of mortgages between subprime and prime that often involves borrowers who don't fully document income, or those buying for investment—about 13% of the market. More »

      Tags

      subprime mortgages  • mortgage  • interest rate  • loans  • Wells Fargo  • IndyMac  • National City

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