9/3T10:37 News

More bank issues:

NCC National City: S&P downgrade details (4.87 -0.18) -Update-
As mentioned at 10:25, S&P lowered its counterparty credit rating on Cleveland-based National City to 'A-/A-2' from 'A/A-1'. S&P also lowered our long-term counterparty credit rating on NCC's bank subsidiary to 'A' from 'A+'. "The rating action was part of a broader review of U.S. regional bank institutions and the downgrade reflects our concerns around the ongoing deterioration in the mortgage and housing sectors, which both represent sizable areas of concentration for NCC."

RF Regions Fincl outlook revised to negative at S&P
Note: The FDIC just gave RF all the savings assets of the most recent bank failure