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National City nears investment of $6 billion to $7 billion: sour (Reuters)

Posted on April 20, 2008 at 8:03 pm in Online Trading

Subprime mortgage-hit National City , a large U.S. Midwest regional bank, is close to getting a $6-$7 billion injection from a group of investors led by private equity firm Corsair Capital, a source familiar with the transaction said on Sunday.

More: continued here

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