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National City (NCC) Responds To Market Rumors, Seeing No Unusual Depositor or Creditor Activity
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In response to market rumors, National City Corporation (NYSE: NCC) today issued the following statement:
"National City is experiencing no unusual depositor or creditor activity. As of the close of Friday's business, the bank maintained more than $12 billion of excess short-term liquidity. Further, as a result of our recent $7 billion capital raise, National City maintains one of the highest Tier I regulatory capital ratios among large banks."
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