January 2, 2008

National City slashes dividend (Reuters)

A sign offering foreclosure assistance in Denver, July 26, 2007. National City Corp, one of the 10 largest U.S. banks, said on Wednesday it will cut its common stock dividend 49 percent and eliminate 900 jobs as it stops offering mortgages through brokers. (Rick Wilking/Reuters)Reuters – National City Corp , one of the
10 largest U.S. banks, said on Wednesday it will cut its common
stock dividend 49 percent and eliminate 900 jobs as it stops
offering mortgages through brokers.

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