In response to 'market rumors' National City has put out a press release intended to tamp down the rumors and reassure investors. "National City is experiencing no unusual depositor or creditor activity....". This was prompted by an early Monday rout as Cleveland, Ohio based National City Corporation dropped 27% to $3.21, was halted, and now its down 23.08% to $3.40, as of publishing.

Cleveland based National City Corp., Ohio's largest bank, is all set to receive between $6 to $7 billion in a capital infusion bailout from an investment group led by the New York based private equity group Corsair Capital LLC.