What Do You Get for Seven Billion Dollars?
Posted Wednesday, April 23, 2008
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Download MP3So, now we all know what it takes to keep a Fortune 500 bank afloat in these uncertain times: about seven billion dollars and a huge cut in share value. National City CEO Peter Raskind says, "No one is pleased about that or proud about that, but of the available alternatives to us that we very thoroughly explored, we're convinced that this is the best." Wednesday morning at 9, we'll try to understand the deal to save National City and what it will mean for everyone associated with the bank moving forward.
Tags
Economy, Facing the Mortgage Crisis, Making Change, Regional Economy/Business - Analysis and Trends, Regional Economy/Business - News
Guests
Robin Sidel, Wall Street JournalScott Fine, Professor for the Practice of Banking and Finance, Case Western Reserve University, Weatherhead School of Management.
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