subpoenas from the U.S. Attorney’s Office for the Southern District of New York regarding the lending practices of National City Bank, acquired by PNC in 2008. The inquiry is in connection with loans insured by the Federal Housing Administration and
subpoenas from the U.S. Attorney’s Office for the Southern District of New York regarding the lending practices of National City Bank, acquired by PNC in 2008. The inquiry is connection with loans insured by the Federal Housing Administration and non-FHA
National City 's tough test ahead: Turn green into gold.
really good history of turning around troubled firms that they had acquired. They had done it with Riggs, with Sterling. National City was really the biggest deal they had done, but [PNC] was a firm that had shown prowess in really integrating and turning
Our first impression of National City 's NCC third-quarter results is ..... 15% decline in loans, as National City is now selling its broker-originated ..... During the third quarter, National City announced acquisitions in Florida
for example, I originally passed on top performers like M&T MTB and gravitated toward statistically cheaper names like National City and First Horizon FHN . I also dabbled in a few straightforward value plays that, at least in hindsight, really didn't
On Tuesday, National City NCC announced that Merrill Lynch & Company ..... 3 billion. We are putting our National City fair value estimate under review ..... complexity and skepticism surrounding National City 's foray into nonprime lending
the company bag the impending National Convention Centre, or NCC , project in Auckland. Sky City has been selected as the preferred developer, and stands a good chance of building the NCC . This will provide another catalyst to its share price.
investment.” All of these propositions were accepted at face value. But they often failed to hold up. When I joined First National City Bank in the late 1960s, the bank built its investment approach around the “Nifty Fifty.” These were considered to
government-assisted takeover of Bear Stearns, Wells Fargo's acquisition of Wachovia, and PNC Financial's takeover of National City are just a few examples. Investors should note, however, that while the government's intervention allowed many institutions