I assimilate National City Bank (Cleveland, Hdqtrs) is in monetary difficulty essentially since of a subprime Home Mortgage deals which have left as well as have been starting “sour”.
Will they go underneath or will they survuve?? If someone has income there, is it safe???
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1 comment so far ↓
Yes, it is safe. Deposits are protected by the FDIC. The media has created a panic, and people are falling for it. Many companies could be destroyed if people take their financial advice from the media and not financial experts. National City is a strong bank and will rebound. My advice is that if you have extra money, buy National City stock because it will recover. Look at FDIC report below. They have plenty of cash.
http://www4.fdic.gov/IDASP/confirmation_outside.asp?inCert1=6557