66.3 F
Laguna Hills
Saturday, Jul 11, 2026

National City has $1.76B Loss on Loan Write-offs

Regional bank National City Corp. posted a $1.76 billion second-quarter loss on Thursday, hurt by soaring mortgage and real estate construction loan losses and a write-down for acquisitions.

*For more on this story,

read the full Reuters article.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

Would you like to subscribe to Orange County Business Journal?

One-Year for Only $99

  • Weekly in-depth coverage in print and digital formats
  • Special Features: OC's Wealthiest, Top Priced Home Sales, Giving Guide, OC500, Charity Event Guide, Best Places to Work, Indispensables, Largest Charitable Gifts
  • The annual Book of Lists: Orange County's top companies across every industry

Featured Articles

Related Articles