NPR logo

Mortgage Losses Cripple Cleveland-Based Bank

  • Download
  • <iframe src="https://www.npr.org/player/embed/89831105/89831075" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
Mortgage Losses Cripple Cleveland-Based Bank

Business

Mortgage Losses Cripple Cleveland-Based Bank

Mortgage Losses Cripple Cleveland-Based Bank

  • Download
  • <iframe src="https://www.npr.org/player/embed/89831105/89831075" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

National City, a major regional bank with headquarters in Cleveland, has been struggling with subprime mortgage losses. On Monday, the bank announced a huge capital infusion and watched its already depressed stock fall even further.

Dan Bobkoff reports from member station WCPN.