Monday, July 14, 2008

National City Halted Pending News

by Calculated Risk on 7/14/2008 11:57:00 AM

Today is a bad day for many regional banks ...

UPDATE: NCC statement:

"National City is experiencing no unusual depositor or creditor activity. As of the close of Friday's business, the bank maintained more than $12 billion of excess short-term liquidity. Further, as a result of our recent $7 billion capital raise, National City maintains one of the highest Tier I regulatory capital ratios among large banks."