Bill Clinton Revives Hillary’s ’sniper Fire’ Problem <a href="http://timesonline.typepad.com/uselections/2008/04/idfhijhotmgkhmg.html">Watch the video on our US elections weblog</a>... Read Full Article Dealbook: Goldman’s Season To Reward And Shock Goldman Sachs shareholders and the onus of the bonus.... Read Full Article Take-Two Shares Rise Amid Rave Reviews For GTA4 Criminal action video game Grand Theft Auto IV won near-perfect praise in early reviews on Monday, boosting the shares of publisher Take-Two Interactive Software.... Read Full Article Merrill Lynch Posts Big Gain As Revenue From Trading Jumps The results suggest that efforts to bolster results from trading and private equity are paying off, analysts said.... Read Full Article Hedge Fund Seeks Bankruptcy Abroad Citing losses that could exceed 80 percent in one of its hedge funds, the Australian firm Basis Capital Fund Management filed for bankruptcy protection on Wednesday.... Read Full Article |
Midwestern Bank May Be Looking For A BuyerCLEVELAND (AP) — The National City Corporation, a Midwestern bank heavily exposed to the worsening mortgage and housing market, confirmed Tuesday that it was reviewing its options amid rumors that it wants to find a buyer. The investment bank Goldman Sachs has been hired to look into strategic alternatives, National City, based in Cleveland, said. National City’s chairman and chief executive, Peter E. Raskind, told employees last month, when shares of the regional bank dropped 43 percent after the near collapse of Bear Stearns, that National City remained financially sound. National City sold a third of its stake in the newly public Visa Inc. two days later, raising about $450 million in cash. On Jan. 2, National City cut its dividend 49 percent and said it was shutting down its wholesale mortgage division, eliminating 900 jobs. It has eliminated about 3,400 jobs in recent months as it refocuses on borrowers with solid credit histories. Tag CloudExternal InformationAdditional InformationChinese Maker to Sell $7,000 Cars in Mexico...Viewers Fast-Forwarding Past Ads? Not Always... Barclays and RBS head for ’£6.5bn’ profits hit... A clean sweep for Putin cronies... Where Am I?News Main Page - Business - Midwestern Bank May Be Looking For A Buyer |
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