Sur le même thème :

• Nouvelle perte pour la banque americaine National City

  AP - CLEVELAND (AP) - La banque americaine en difficultes National City a annonce lundi avoir accuse une perte de 171 millions de dollars au premier trimestre (106 millions d'euros), et a declare qu'elle allait recevoir une injection de fonds de sept milliards de dollars (4,4 milliards d'euros) de la part d'un consortium de societes de capital-investissement dirige par Corsair Capital.

• National City Mortgage Company Can't Help You Access Your Account [We're Using The Internet]

  Reader Kevin writes in with one of those stories that makes you feel like pulling your hair out. He can't access his online account with National City and they can't help him. We join Kevin as he calls National City to see if they can help him access his account: At this point my jovial mood was beginning to sour and in an effort to not resort to verbal abuse I asked "is there another group that I can be transferred to that can help me resolve this problem?" Maria regretfully explains in no uncertain terms NO. My only option is to have Maria send an email to some mythological group that might be able to sprinkle some pixie dust and banish the ghosts in the database that are holding my records hostage. I ask for the email address so that I may contact them directly and Maria informs me that "it is an internal address and cannot be given out. " So needless to say I do not have the information I am looking for but I am now more concerned about the validity of the records they have about my mortgage. Does it make you nervous that a company like National City Mortgage who are in the business of maintaining millions of records of billions of dollars of mortgage payments. balances and such cant get a simple join between my account and my login that their interface can find but their backend side cant? Am I just stuck in cyber limbo? So what is really burning me at the moment is that I have no recourse. There apparently isn't anyone I can talk to to help resolve this and am now at the mercy of some group of guys probably a lot like me that have a lot of other stuff to deal with then to research something that they will get and attribute to a problem on my end and I will fall to the bottom of the pile because I cant have the conversation with them directly. Ugh. Here's a PDF with the names of everyone on the board of directors for National City. Maybe you could talk to some of them? National City Mortgage has ghosts in their database. [Gray Drake]

• Bank of Nova Scotia Said to Eye National City

  Bank of Nova Scotia has jumped into the bidding for National City, which is under regulatory pressure to bolster its capital or find a buyer before reporting quarterly results this month, The Wall Street Journal reported. The parent of Toronto-based Scotiabank has offered to buy at least a stake in Cleveland-based National City, The Journal said. A handful of U.S. banks and private-equity firms already have reportedly expressed interest in helping to shore up National City’s balance sheet. Reuters noted that Bank of Nova Scotia, with a market value of about $45 billion, is better positioned than many U.S. banks to buy National City, which has seen its value plunge to about $5 billion. On April 1, National City said its board was reviewing a range of strategic alternatives. The Journal said Scotiabank could be after a minority stake in National City as a way to grab a foothold in the United States, where it currently lacks a retail-banking presence.

• Response to Tom Brown: National City Had It Coming

  Here we are, in the sixth standard deviation from the mean, the “fat tail”, asymptotically approaching zero, with National City Corp. (NCC) on the cusp of an announcement that it will be dismembered, never to be heard from again, at great loss to shareholders, but probable benefit to the acquirer. But let’s be--indeed--we must be fair and daren’t expect “clairvoyance” of management. That would be unfair, and this market--with its marked peculiarities--no one predicted all its particulars.Complete Story »

• National City Highlights the Fed’s Doctrine

  The most interesting exchange in National City’s (NCC) conference call revealed that the Federal Reserve does not allow banks to disclose any details of regulatory scrutiny. Banks cannot even disclose if the Fed is concerned or coercing them to “raise capital or be acquired.” The Fed is apparently more concerned with the systemic risk of a run on the bank, than protecting large depositors. Former Fed Chairman Greenspan testified many times before Congress against raising the $100,000 FDIC deposit insurance limit. He said most accounts are under the limit and we must retain the moral hazard. A moral hazard without timely information on risk actually induces a run on the bank. National City admitted that businesses were reducing their commercial accounts based on rumors. Complete Story »

• National City Said to Face S.E.C. Scrutiny

  National City, the large Midwestern bank that sold a stake to an investor group earlier this year, has entered into a memorandum of understanding with federal regulators, effectively putting the bank on probation, The Wall Street Journal reported on Friday. Neither Cleveland-based National City nor the OCC immediately returned calls seeking comment.

• National City: Paying Customers To Close Credit Lines Smacks of Desperation

  National City Bank is desperate for capital. Evidence can be found in the Financial Times story National City offers cash to cut equity lines. National City (NCC), the US bank that has been among the hardest hit by the subprime crisis, is trying to reduce its exposure to the riskiest category of home loans by offering customers cash to close their untapped home equity lines.Complete Story »

• Earnings Preview: National City Corp.

  National City Corporation (NCC) is expected to report Q3 earnings before market open Tuesday Oct. 21, with a conference call scheduled for 8:00 am.

• National City : le titre chute apres l'annonce

  Boursier.com - Le titre National City s'effondre de plus de 22% a Wall Street, ce soir, apres que la firme financiere de Pittsburgh, Pennsylvanie, PNC, eut annonce aujourd'hui avoir signe un accord pour acquerir la ...

• Etats-Unis : la banque National City s'apprete a lever plus de 6 milliards de dollars

  La banque regionale americaine National City, en difficulte, s'apprete a lever plus de six milliards de dollars aupres d'un groupe d'investisseurs emmene par le fonds Corsair Capital, rapporte lundi le Wall Street Journal.Selon le quotidien, l'operation, qui pourrait etre annoncee lundi, serait...