Cleveland, OH (AP\WSJ) -- National City Corp. isn't talking about a report that it's looking for a buyer.
The Wall Street Journal cites unnamed sources in reporting Thursday that Cleveland-based National City - which operates primarily in Michigan and seven other states - is in talks with several banks.
The newspaper says Pittsburgh-based PNC Financial Services Group Inc. and Toronto-based Bank of Nova Scotia are among the potential buyers.
National City spokeswoman Kristen Baird Adams doesn't deny that the bank is looking for a buyer. She says the bank doesn't comment on rumors and speculation.
Shares of National City are up 10 percent Thursday at $2.46 but are down from a 52-week high of $25.93.
Copyright 2008 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Diversity Works
When distinctive faith traditions and cultures celebrate Thanksgiving together, their sense of gratitude is deepened.
November 21, 2008
Worldwide Automotive Report
Congress puts aid to big three on hold. What does Roger Penske think about industry help? We talk with him one-on-one. We also tell you why Volkswagen's Diesel Jetta was named "Green Car of The Year."
Mayoral Forum-Part 3 11/20
The Booker T. Washington Association held a Mayoral Forum at the Charles H. Wright Museum Of African American History this afternoon. WWJ's Stephanie Davis moderated.
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