The Subprime Mortgage Crisis – National City Bank’s Story

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In mid- 2007, Cleveland, Ohio’s National City Bank (“National City”) was a leading regional bank and one of the ten largest banks in the United States in terms of deposits and mortgages. Its stock was trading comfortably in the mid-thirties and it was known to consistently provide a healthy dividend to its shareholders. At the time, National City was considered a stock to buy and hold as part of an investor’s “safe” investments. That all changed toward the end of 2007. This article outlines National City Bank's situation over the relevant time period.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Timothy Warner | Attorney Advertising

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