Debate Politics Forums - View Single Post - Will Monday See a Fed-Driven Boost to the Stock Market?

donsutherland1 · 07-14-08, 12:12 PM

Stocks turned broadly lower on rumors concerning National City Bank. To put things into perspective, National City Bank has just over $155 billion in assets, making it almost 5 times as large as IndyMac.

Reuters reported, "In response to market rumors, National City bank says experiencing no unusual depositor or creditor activity, maintains more than $12 billion of excess short-term liquidity as of Friday's close."

07-14-08, 12:12 PM	#5 (permalink)
donsutherland1 Moderator Mod team member Join Date: Oct 2007 Last Online: Today 12:50 PM Location: New York Posts: 2,269 Thanks: 718 Thanked 1,352 Times in 783 Posts Lean: Centrist Gender: Awards:	Re: Will Monday See a Fed-Driven Boost to the Stock Market? Stocks turned broadly lower on rumors concerning National City Bank. To put things into perspective, National City Bank has just over $155 billion in assets, making it almost 5 times as large as IndyMac. Reuters reported, "In response to market rumors, National City bank says experiencing no unusual depositor or creditor activity, maintains more than $12 billion of excess short-term liquidity as of Friday's close."