Banks are unveiling their third-quarter report cards. In Ohio, it's all about loss:
National City announced plans to cut about 4,000 jobs, or 14 percent of its workforce, over the next three years after posting a net loss of $729 million, or 85 cents a share, the Cleveland-based company said in a statement today. Fifth Third in Cincinnati reported a quarterly loss of $56 million, or 61 cents, and Cleveland-based KeyCorp's loss was $36 million, or 10 cents.
The picture's just as bleak in other states, as the national (global) financial crisis sinks all boats.
categories: News
Comments
Please note that all comments must adhere to the NPR.org discussion rules and terms of use. See also the Community FAQ.
You must be logged in to leave a comment. Login | Register
More information needed to participate in the NPR online community.. Add this information