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James LeKachman

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Regional Banks Feel Credit’s Pinch HW+

Oct 21, 2008By

A slew of regional bank earnings, released Tuesday morning, provide a quick look at how the nation’s credit crunch is affecting banks other than the national, commercial giants. For Cleveland-based National City Corp. [stock NCC][/stock], the ghost of former subprime lending platform First Franklin — and now, a slew of other loans, too — has continued to hurt, as the bank reported a third quarter net loss of $729 million and continued to build its loss reserves.

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

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