National City Bank Feared Being Shut Down by Feds

Summary


National City Corp., tied to bad mortgage loans and with its stock price sinking, worried for weeks that federal regulators might shut it down and looked vigorously for a buyer, according to a regulatory filing.

PNC Financial Services Group Inc. agreed Oct. 24 to buy National City for $5.6 billion.

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National City Bank Feared Being Shut Down by Feds

National Ci...

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