National City in Talks for Sale: Report
Among the potential buyers for the regional bank are PNC Financial and Bank of Nova Scotia, according to a media report.
National City
( NCC), crippled by bad real-estate loans, is in talks with a number of banks about a possible sale, the
Wall Street Journal
reports.
Among the potential buyers for the regional bank are
PNC Financial
(PNC) - Get Report
and Toronto-based
Bank of Nova Scotia
(BNS) - Get Report
. PNC declined to comment Wednesday, and Bank of Nova Scotia couldn't be reached.
National City declined to comment, the
Journal
reports.
Shares of National City closed Wednesday at $2.23.
This article was written by a staff member of TheStreet.com.
