Lawmakers demand info on National City sale

Coshocton Tribune

CLEVELAND (AP) - Ohio lawmakers are demanding more information about National City's sale to PNC Financial Services Group.

They want to know why National City's application for federal bailout funds was rejected and why PNC used part of its bailout dollars to purchase the ailing Cleveland-based bank. Lawmakers say the sale is an example of the government unfairly picking winners and losers.

The $5.6 billion deal is scheduled for completion by year's end. Even some critics, like U.S. Sen. Sherrod Brown, say it will be hard to stop the sale.

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Lawmakers demand info on National City sale »