National City treasurer says bank sound

RTR_ArticleBlurb = "By Jonathan Stempel NEW YORK (Reuters) - National City Corp (NCC.N: Quote, Profile, Research, Stock Buzz) shares have lost much of their value in the past year, but the idea that the large Midwest U.S. NEW YORK (Reuters) - National City Corp (NCC.N: Quote, Profile, Research, Stock Buzz) shares have lost much of their value in the past year, but the idea that the large Midwest U.S. Investors long worried about banks' prospects grew more concerned after Washington Mutual Inc (WM.N: Quote, Profile, Research, Stock Buzz) late Thursday became the largest U.S. bank failure in U.S. history. National City, based in Cleveland, has long been in investors' crosshairs because of a portfolio of loans it is trying to whittle down. We have the capital to manage through the losses under severe stress scenarios," he said. In afternoon trading, National City shares were down $1.64, or 33 percent, at $3.35, after earlier falling as low as $2.06. National City is the best-capita...
Originally from: http://www.reuters.com/article/ousiv/idUSTRE48P7DD20080926

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