National City Corporation

DETROIT (AP) _ At $305 per square foot, homes atop The Westin Book Cadillac Detroit are expected to set the bar for upscale downtown condo development amid corridors of concrete and stone once jokingly called a ghost town by some. National City Corp....

Brace yourself for a wild time on Wall Street in the days ahead, after Monday's smackdown of a $700 billion bank bailout plan sent fearful investors racing for the exits. The Dow Jones industrial average fell 778, the biggest point drop ever, with...

APPLE INC. -$22.98 (18%) to $105.26 Shares of the Macintosh and iPhone manufacturer fell well below their 52-week low and touched their lowest level since early 2007. Analysts downgraded its shares, citing the potential for slowing consumer spending...

Fresh fears about instability in the banking sector sent shares of Sovereign Bancorp Inc. plummeting more than 70 percent to a record low Monday. Shares dropped $6.04, or 72.2 percent, to close at $2.33. The plunge for Sovereign shares came despite a...

Washington Mutual Inc., which has one of the biggest branch footprints in the Chicago area, fell 26.7 percent, to $2 a share, as investors fretted Monday about its future as well as the prospects for other banks. The SNL Bank & Thrift index closed...

Accounting Daniel O'Keefe, Moore Stephens Lovelace, P.A., Orlando, has been appointed to the State & Local Government Expert Panel for the American Institute of Certified Public Accountants for 2008-2009. Boards of Directors The Orlando Shakespeare...

Many colleges have tightened rules on credit-card marketing on campus in order to discourage students from racking up huge amounts of debt. Now another kind of card is being pushed on campus -- with its own set of issues. This fall, financial-services...

Nobel Prize-winning economists predict the credit squeeze will inflict more pain on global growth, and Goldman Sachs Group Inc. projects half of the world economy faces recession. "There will be a global recession," Nobel winner Myron Scholes said in...

Prices of bank shares plunged widely Monday and, in one case, trading of National City Corp. stock was halted temporarily on a day when fallout from the mortgage meltdown continued to infect local financial institutions. Investors fled the sector amid...

Wall Street extended its slump into yet another week yesterday as investors worried that even a safety net set up for mortgage financiers Fannie Mae and Freddie Mac won't head off further troubles in the financial markets. Investors' unease about the...

The situation is increasingly bleak for Wachovia Corp. and the bank's mortgage portfolio will continue to lose value, "seriously jeopardizing" the company's ability to generate earnings, an influential analyst warned today. The latest note of caution...

She's a North Sider who survived the Depression, a customer for more than 20 years, and after hearing the bad news about the economy over the weekend she marched into the bank to see the boss. Although the institution is sound and the nation's...