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Mortgage Losses Cripple Cleveland-Based Bank
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Mortgage Losses Cripple Cleveland-Based Bank

Business

Mortgage Losses Cripple Cleveland-Based Bank

Mortgage Losses Cripple Cleveland-Based Bank
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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.

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