Saturday, April 19, 2008

International City?

by Tanta on 4/19/2008 04:46:00 PM

So it seems:

April 19 (Bloomberg) -- National City Corp., Ohio's largest lender, may seek capital from private investors or a non-U.S. bank to avoid a takeover by in-state competitors KeyCorp and Fifth Third Bancorp.

The bank may seek a transaction that will ``enable senior management to keep their jobs and allow thousands of employees at NCC to keep working,'' Oppenheimer & Co. analyst Terry McEvoy said in an interview and an e-mail, referring to National City by its stock ticker.