Skip navigation
Watchlist Sponsored By :

Current DateTime: 05:57:36 05 Sep 2008
LinksList Documentid: 24355697

Current DateTime: 01:04:11 05 Sep 2008
LinksList Documentid: 24890560
  • Balancing Act: Credit & Debt

      Managing one's credit and debt has become a high-stakes, high-anxiety balancing act. Here's a guide to help you deal with it.

  • Fannie & Freddie Fallout

      The mortgage market meltdown ensnares two financial giants, raising questions about the health of the nation's financial system.

  • Fat Cat Living

      If you have the kind of money to live the high life and enjoy the high end, here's how to spend it, invest it and save it.

National City Close to Investment Deal
By Reuters | 21 Apr 2008 | 04:15 AM ET
Font size:

A group of investors led by private equity firm Corsair Capital is close to a deal to invest between $6 billion and $7 billion into National City, the 10th-largest bank in the United States, a source familiar with the transaction said Sunday.

If a deal is struck, it could be announced as early as Monday, the source said.

Such a deal would likely see the investors end up with a stake of around 50 percent in National City [NCC  Loading...      ()   ], with Corsair owning around 9.9 percent, the source said.

Corsair was not immediately available for comment. National City declined comment.

Copyright 2008 Reuters. Click for restrictions.

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis