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Home Purchase Loan - News Articles
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Tuesday, October 21, 2008
Forbes, NY -
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Oct 21, 2008
The Plain Dealer - cleveland.com, OH -
CLEVELAND -- National City Corp. today said it lost $729 million in the third quarter -- results that were much worse than projected -- largely because the ... -
Tuesday, October 21, 2008
RTT News, NY -
(RTTNews) - Tuesday, National City Corp. (NCC: News ), one of the victims of the deepening financial crisis, reported wider-than-expected third quarter loss , driven primarily by continued actions to build loan loss reserves. The company also said it plans to reduce approximately ... -
Tuesday, October 21, 2008
RTT News, NY -
(RTTNews) - National City Corp. (NCC: News ) reported third-quarter net loss of $729 million or $5.86 per share, compared to a net loss of $19 million or $0.03 per share in the third quarter a year ago. Excluding noncash preferred dividend, earnings per share ... -
Tuesday, October 21, 2008
10TV, OH -
CLEVELAND, Ohio — National City Corp. announced on Tuesday it will cut jobs over the next three years. The state's largest lender is trying to cope with ... -
Tuesday, October 21, 2008
10TV, OH -
CLEVELAND, Ohio — National City Bank announced on Tuesday that it will cut 4000 jobs over the next three years. The announcement came on the same day that Ohio's largest bank released its quarterly report, Bloomberg News reported on 10TV News Tuesday morning. The Cleveland-based ... -
Tuesday, October 21, 2008
Indianapolis Business Journal, IN -
Cleveland-based National City Corp., the second-largest bank in the Indianapolis market, reported more dismal results today and said it plans to cut 4000 ... -
Tuesday, October 21, 2008
NewsNet5.com, OH -
CLEVELAND -- Ohio's largest bank announced Tuesday that it will be cutting 4000 jobs over the next three years. National City Corp. said the 14 percent job cuts would be across the country. The cuts come after the Cleveland company said it lost $729 ... -
Tuesday, October 21, 2008
Pittsburgh Tribune-Review, PA -
By Thomas Olson Struggling National City Corp. this morning reported a loss of $729 million for the summer quarter and said it would cut about 4000 jobs ... -
Tuesday, October 21, 2008
kypost.com, KY -
National City Corporation announced Tuesday morning they will cut 4000 jobs as the bank continues to struggle with the downturn in the mortgage business. ...
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Tuesday, October 21, 2008
San Antonio Business Journal, TX -
National City Corp. will lay off 4000 workers, or 14 percent of its work force, over the next few years, the company disclosed in its third-quarter earnings announcement. The news comes as Cleveland-based National City posted a third-quarter net loss of $729 million. Including ... -
Tuesday, October 21, 2008
Dividend.com, NJ -
By Dividend.com Staff National City (NCC) plans to cut about 4000 jobs over the next three years, after reporting a $729 million loss in the third quarter. The company set aside $1.18 billion during the third quarter for loan-loss provisions, compared with ... -
Tuesday, October 21, 2008
The Plain Dealer - cleveland.com, OH -
National City Corp.'s plans to cut 4000 more jobs wasn't totally unexpected, but jarred the community nonetheless. The bank with nearly 8000 local employees ... -
Tuesday, October 21, 2008
KPCnews.com, IN -
Cleveland, Ohio-based National City Corp. said it will reduce its work force by about 4000 positions over three years after reporting a $729-million net loss for the third quarter of 2008. In comparison, the bank had a net loss of $1.8 billion ... -
Tuesday, October 21, 2008
WTTE, OH -
CLEVELAND (AP) -- National City is reporting a bigger-than-expected third-quarter loss and says it will cut 4000 jobs. The regional bank based in Cleveland says the positions amount to about 14 percent of the total work force and will be eliminated over the ... -
Tuesday, October 21, 2008
Dayton Daily News, OH -
By Thomas Gnau, Tim Tresslar Faced with mounting losses, National City Corp. said Tuesday, Oct. 21, that it plans to slash approximately 4000 jobs over ... -
Tuesday, October 21, 2008
United Press International -
CLEVELAND, Oct. 21 (UPI) -- National City (NYSE:NCC) Corp. in Cleveland said Tuesday it will shed about 4000 jobs over the next three years as it copes with billions of dollars in losses. The job cuts are part of a wider restructuring to reduce the ... -
Wednesday, October 22, 2008
Monessen Valley Independent, PA -
By Thomas Olson With earnings dragged down again by risky subprime loans, National City Corp. dragged out the hatchet Tuesday. The Cleveland-based bank will cut 4,000 jobs over the next three years, a 13 percent reduction in employment. The move should help National ... -
Wednesday, October 22, 2008
Youngstown Vindicator, OH -
Two banks serving the Mahoning Valley posted financial losses as they struggle through the downturn in mortgage and credit markets. First Place Financial Corp., based in Warren, said Tuesday that it lost $6.2 million last quarter. It ... -
Wednesday, October 22, 2008
TCPalm, FL -
National City Corp. (NYSE: NCC) reported a net loss for the third quarter of $729 million, or $5.86 per diluted share. The company, whose National City Bank subsidiary has branches on the Treasure Coast, had lost $19 million, or 3 cents a share, in the third ...
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