PNC Acquiring National City

PNC Financial Services has annnounced that it is acquiring National City Bank for about $5.6 billion. Cleveland-based National City has been in talks with potential buyers in recent weeks.   It was hit hard by the downturn in the mortgage market and announced this week it would lay off about 4,000 workers across the country. Indiana […]

IUS Panel To Discuss Financial Crisis

A panel of economic experts and local business people will take part in a discussion this evening in New Albany to help people sort out all the facts related to the nation’s financial crisis. It’s sponsored by Indiana University Southeast. Business professor Brenda Swartz says some people are understandably bewildered by the developments of the […]