CLEVELAND (AP) - National City shares were down almost 50 percent in midday trading on another tough day for the nation's financial sector.
National City Corp. shares were down $1.79, or 48 percent, to $1.92 Monday afternoon. The sharp decline comes after shares closed down 26 percent on Friday.
National City was one of several regional bank stocks to tumble. It's been hit hard this year by high-risk mortgage loans and was forced to arrange a $7 billion capital infusion in April.