Federal Reserve Bank of Cleveland

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National City Confirms Regulatory Agreements, Says Business Unaffected

Jun 10, 2008By

National City Corp. [stock NCC][/stock] CEO peter Raskind went on the offensive Tuesday morning, confirming recent reports that the Ohio-based bank had been subject to sanctions by regulators, but suggesting that agreements with both the Office of the Comptroller of the Currency and the Federal Reserve Bank of Cleveland meant little to the bank’s overall operation.

3d rendering of a row of luxury townhouses along a street

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