BNET Industries
National City Corp. (NCC) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $11.7B
- Profit
- Dec 31 2007
- $313.9M
- Market Cap
- Oct 10 2008
- $1.5B
Latest News and Analysis
Citi Ends Talks With Wells Fargo on Wachovia
By Jui Chakravorty DasNEW YORK (Reuters UK) - Citigroup C abandoned its brief but acrimonious battle with Wells Fargo & Co WFC over Wachovia Corp WB, one of the United States' largest banks, losing out on a deal crucial to strengthening its retail banking business but vowing to pursue up...
Citi Ends Talks With Wells Fargo on Wachovia
By Jui Chakravorty DasNEW YORK (Reuters) - Citigroup C abandoned its brief but acrimonious battle with Wells Fargo & Co WFC over Wachovia Corp WB, one of the United States' largest banks, losing out on a deal crucial to strengthening its retail banking business but vowing to pursue up to...
Wachovia Falls and Nat City Gains on Deal Talk
By Elinor Comlay and Christian PlumbNEW YORK (Reuters) - Wachovia Corp WB slumped about 16 percent on concern talks to divvy up the troubled bank had hit a snag, leading a broader drop in U.S. regional banks.Wachovia shares, as well as those of competing buyers Wells Fargo & Co WFC...
Volatility Hedge: Short Boeing, Long on National City
Andrew Snyder submits: Market volatility is through the roof. Smart traders can take advantage of the action and turn it into a profit opportunity. Boeing BA and National City NCC offer a shot at huge profits. There is an old adage on Wall Street that says as...
Why I Bought National City Corp Shares
Todd Sullivan submits: Bought shares of National City yesterday at $2. Here is why. National City has said it has no exposure to adjustable rate mortgages and exposure to residential market is substantially less than Wachovia WB and Washington Mutual WM. by Todd Sullivan
Wells Fargo Still Waiting For Right Deal
By Paritosh BansalNEW YORK (Reuters) - Wells Fargo & Co WFC Chairman Richard Kovacevich says he feels like a kid in a candy store. But he's taking his time to decide what to buy.The San Francisco-based bank looked at Wachovia Corp WB and Washington Mutual Inc WAMUQ this month, but...
Citi Buys Wachovia Banking in Flurry of Deals
By Christopher Kaufman and Jonathan StempelNEW YORK (Reuters UK) - Citigroup Inc C set a deal to buy regional powerhouse Wachovia Corp's WB banking operations, one of several U.S. tie-ups triggered by the deepening financial crisis on Monday.Banks are struggling to come to grips with a crisis that has led...
Crisis of Confidence Hits Regional Bank Shares
By Jonathan Spicer and Juan LagorioNEW YORK (Reuters) - Shares of regional banks sank on Monday, with Sovereign Bancorp SOV and National City Corp NCC down 60 percent, as investors feared the sector would be steamrolled by the deepening global credit crisis.As Wall Street sagged after the House of Representatives...
National City Drops 52 Percent as Market Wonders Who's Next
NEW YORK (Reuters) - Shares of National City Corp NCC dropped more than half on Monday as investors wondered which regional bank might need a merger partner as the sector suffered what analysts called a deepening crisis of confidence.The big Ohio bank slid $2, or 52 percent, at $1.70 on...
Wachovia, National City Tumble on Bailout, WaMu
By Juan Lagorio and Jonathan StempelNEW YORK (Reuters) - Wachovia Corp WB and National City Corp NCC shares tumbled as talks on a $700 billion government bailout of the financial sector stalled and regulators seized Washington Mutual Inc WM.Investors fear a collapse of bailout talks could prolong the freeze in...
Wachovia, National City Shares Tumble on Bailout, WaMu
By Juan Lagorio and Jonathan StempelNEW YORK (Reuters) - Shares of Wachovia Corp WB and National City Corp NCC tumbled on worries about heavy mortgage losses, as talks on a $700 billion financial sector bailout bogged down and regulators seized Washington Mutual Inc WM in the largest bank failure in...
Fed Eases Minority Bank Investor Guidelines
WASHINGTON (Reuters) - The U.S. Federal Reserve on Monday relaxed some rules regarding minority shareholder investments in banks, in a move that could encourage investments by private equity and other firms.The eagerly awaited guidelines bring greater clarity to defining limits for investors that want to buy sizable stakes in banks,...
Financial Landscape: Writedowns, Losses and Capital Raised
Market Folly submits: Amid all the financial chaos, I thought it would be a good idea to post up a simple chart breaking down the financial landscape in terms of writedowns, losses, and capital raised. From Bloomberg, you'll see how institutions are looking in terms of raw numbers: writedowns/losses versus...
National City Gets Approval to Raise Capital
Edward Harrison submits: While all eyes were focused on Lehman Brothers LEH this weekend, many other players were making their moves to shore up their own balance sheets in order to avoid the critical situation which felled Lehman. Merrill Lynch MER is the obvious example of shrewd moves in the...
National City Wins OK For $7 Billion
NEW YORK (Reuters) - National City Corp NCC, a U.S. Midwest regional bank battered by mortgage losses, has won stockholder approval to authorize new shares to allow for a $7 billion capital infusion, the bank said on Monday. The Cleveland-based bank said shareholders...
Financials in Turmoil? Someone Forgot to Tell These Eleven Pennsylvania Banks
Mike Havrilla submits: Amidst turmoil in the financial sector this week and over the past year, the following is a list of Pennsylvania-based banks and financial services companies with market caps over $100M that have recorded stock price gains over the past year. click to enlarge by Mike Havrilla
Go for the Gold
Nicholas Jones submits: This past couple of weeks have felt like an eternity when it comes to noteworthy occurrences in financial markets. We’ve marked out 10th IndyMac and 11th FDIC bank rescue. As a result of the escalating number of troubled banks and diminishing value of the assets...
WaMu Leads Regional Banks to Painful Sell-Off
Edward Harrison submits: Seven years ago, I was involved in a merger that was the last proposed under the old pooling of interests accounting rule that was phased out after June 30, 2001. This methodology was great because it didn't necessitate acquiring companies to re-mark assets on the companies balance...
The Fiasco in Financials Comes to a Head
Mike Havrilla submits: After a brief, one-day rally in the financial sector following the Fannie Mae FNM and Freddie Mac FRE bailout on Sunday, companies such as Lehman Brothers LEH and Washington Mutual WM have lost over 47% and 57% of their market value, respectively, compared to a 5% loss...
Chewing on the FDIC List of 'Problem' Banks
Edward Harrison submits: I was recently called out on missing the details of the FDIC's list of 117 'problem' banks. In a post on the OTS' agreement for regulatory supervision of Washington Mutual WM, I incorrectly stated that National City NCC was on that list and inferred that WaMu...
- Next »
- page 1 of 6
- « Previous
Sort byClose
View by Content TypeClose
View Related Content by Tag Close
- Bank (35 results)
- Financial (19 results)
- Wachovia Corp. (16 results)
- Citigroup Inc. (14 results)
- Washington Mutual Inc. (14 results)
- J.P. Morgan Chase & Co. (12 results)
- Merrill Lynch & Co. Inc. (10 results)
- Bank of America Corp. (9 results)
- Lehman Brothers Holdings Inc. (8 results)
- KeyCorp (8 results)
- acquisition (8 results)
- stock (7 results)
- Fifth Third Bancorp (7 results)
- Wells Fargo & Co. (7 results)
- Zions Bancorporation (6 results)
- Morgan Stanley (6 results)
- (5 results)
- company (5 results)
- Financial Services (4 results)
- Comerica Inc. (4 results)
- Regions Financial Corp. (4 results)
- finance (4 results)
- Freddie Mac (4 results)
- Fannie Mae (4 results)
- PNC Financial Services Group Inc. (3 results)
- General Motors Corp. (3 results)
- Colonial BancGroup Inc. (3 results)
- E*Trade Financial Corp. (3 results)
- Sovereign Bancorp Inc. (3 results)
- small business (3 results)
- job (3 results)
- Banking (3 results)
- Goldman Sachs & Co. (3 results)
- Incorporated: 1972
- CEO: Mr. Peter E. Raskind
- Employees: 32,064
National City is a financial holding company. Co. operates through its banking network in Ohio, Florida, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania and Wisconsin, and also conducts selected lending and other financial services businesses on a nationwide basis. Co.'s primary businesses include commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. Co.'s businesses are organized by product and service offerings as well as the distribution channels. As of Dec 31 2007, Co. had total assets of $150.37 billion, and total deposits of $97.56 billion.
Key Competitors
National City Corp. Company Info
Board of Directors
Mr. Peter E. Raskind
Chairman
Dr. Jerry Sue Thornton Ph.D.
Mr. Morry Weiss
Mr. Richard E. Thornburgh
Mr. Jon E. Barfield
Mr. James S. Broadhurst
Mr. Christopher M. Connor
Dr. Bernadine P. Healy M.D.
Mr. Allen H. Koranda
Mr. Michael B. McCallister
Mr. Paul A. Ormond
Mr. Gerald L. Shaheen
Contact Information
1900 East Ninth Street
Cleveland, OH
216 222-2000
NAICS Code
Commercial Banking: 522110Brought to you by IBM
- Insurance 2020: Innovating beyond old models
- Insurance 2020: Now what?
- Customer advocates: Your most valuable asset
- IBM and Cisco front office solutions for retail banking
- Opening act - Streamlining a bank's account-opening process can have a dramatic effect on customer experience and the bottom line
- The Agile CFO; Enabling the innovation path to growth
- The Evolution of Asset Mangement
- The Global CFO Study 2008
- Thinking Through Uncertainty: CFOs scrutinize Non-Financial Risk
