Monday, April 21st, 2008...5:34 am
National City may get $7 billion infusion (Akron Beacon Journal)
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National City may get $7 billion infusion, plans dividend cut (Akron Beacon Journal) National City deal keeps bank in Cleveland (WKSU Kent State University) Cleveland mayor troubled by National City sale (FOX 19 Cincinnati) National City to get $6B from private investors; headquarters stays in Cleveland (WKYC Cleveland) Akron to learn fate of medical grant bid (Akron Beacon Journal)
National City Corp., Ohio’s biggest bank with operations in Akron and struggling under the weight of bad subprime mortgages, could receive $6 billion to $7 billion from a group led by Corsair Capital LLC, according to a person familiar with the matter.
Full story at cleveland-akron news
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