PNC Financial Services Group (NYSE: PNC) is taking over the ailing National City Corp (NYSE: NCC) owner of the regional National City Bank based in Cleveland. PNC has agreed to pay $5.6 billion with some of the money coming from the US Treasury.
PNC First To Use Government Money in Takeover
We were all “sold” the [...]

National City Corp (NCC), a large Midwestern bank which during the real estate boom boasted a healthy income from their wholesale mortgage division, got in trouble with the bank regulators back in June and are now being sued by their stockholders.
National City - Bank Under Scrutiny
The Office of the Comptroller of the Currency issued National [...]