National City Gets Infusion of Cash

Tuesday, April 22, 2008
Topics: Economy
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After weeks of uncertainty, National City Corporation has found what it's looking for -- a much needed injection of cash. 7 billion dollars to be precise. The New York based private equity firm Corsair Capital is taking the lead, putting up nearly a billion dollars. A handful of smaller investors are filling in the rest. For more on what this news means for the company, its investors and the community, ideastream®'s Eric Wellman spoke with Mark Dodosh, an Editor at Crain's Cleveland Business.