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National City's Net Income Falls on Mortgage Lending (Update1)

Story date: 2007-10-24 04:57:00
Added on: 2007-10-24 06:00:47


Bloomberg - Oct. 24 (Bloomberg) -- National City Corp., the bank that sold its subprime mortgage unit to Merrill Lynch & Co. last year just before the industry unraveled, said third-quarter profit fell 80 percent on renewed losses from home lending. Net income ...


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