Wednesday, November 05, 2008

US sub-prime crisis

Still remember this from WAT 2007?? Now... read this line from an article that I have found yesterday:
On October 24, 2008 PNC Bank announced that it had finalized a purchase agreement for National City. The acquisition will be a stock purchase transaction to be completed by the end of 2008. National City will be merged into PNC and the National City brand will be dissolved.
Another bank bite the dust. Does anyone still have money inside....or negative balance?? I think that will be written off as bad debt.

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