85-700: National City Bank can refer to several entities: Companies [ edit ] National City Corp. , based in Cleveland, Ohio National City Bank of New York , now Citibank Buildings [ edit ] National City Bank (Evansville, Indiana) , listed on the National Register of Historic Places National City Bank (New York City) National City Bank Building (Toledo) , Ohio National City Bank Building (Columbus) , Ohio See also [ edit ] National bank (United States) Topics referred to by
170-634: A Dow Jones share about ten years later. Under Barron ownership, Thomas F. Woodlock was editor of the Journal from 1902 to 1905. By the end of Woodlock's tenure, daily circulation for the Journal rose from 7,000 to 11,000. William Peter Hamilton became lead editorial writer in 1908, a time when the Journal began reflecting the views of Barron. Hamilton wrote what Scharff considered "daily sermons in support of free-market capitalism". Barron and his predecessors were credited with creating an atmosphere of fearless, independent financial reporting—a novelty in
255-483: A West Coast edition on October 21, 1929, The Wall Street Journal Pacific Coast Edition . The Pacific Coast Edition focused on California businesses and replicated some items from the regular Wall Street Journal ; however, its circulation never exceeded 3,000, and the Great Depression led numerous subscription cancellations. By 1931, Bernard Kilgore became news editor for The Wall Street Journal , having joined
340-491: A broader shift away from news content. On June 13, 2022, the Journal launched a product review website called Buy Side . The website remains free and has a distinct team from the Journal newsroom. In February 2024, the Journal laid off about 20 employees, primarily economics reporters based in Washington, D.C. Moving forward, those beats will be covered by the newspaper's New York-based business team. The next month
425-519: A century – always six columns, with the day's top stories in the first and sixth columns, "What's News" digest in the second and third, the "A-hed" feature story in the fourth (with 'hed' being jargon for headline ) and themed weekly reports in the fifth column – the paper in 2007 decreased its broadsheet width from 15 to 12 inches while keeping the length at 22 3 ⁄ 4 inches, to save newsprint costs. News design consultant Mario Garcia collaborated on
510-546: A definitive merger agreement. The $ 5 billion sale added The Wall Street Journal to Rupert Murdoch 's news empire, which already included Fox News Channel , Fox Business Network , London's The Times , the New York Post , and the Fox flagship station WNYW (Channel 5) and MyNetworkTV flagship WWOR (Channel 9). On December 13, 2007, shareholders representing more than 60 percent of Dow Jones's voting stock approved
595-430: A few weeks later amid further restructuring, including at least eight reporters. Since 1980, the Journal has been published in multiple sections. The Journal increased its maximum issue length to 96 pages, including up to 24 color pages, in 2002. With the industry-wide decline in advertising, the Journal in 2009–10 more typically published about 50 to 60 pages per issue. As of 2012 , The Wall Street Journal had
680-517: A luxury lifestyle magazine, was launched in 2008. A complement to the print newspaper, The Wall Street Journal Online , was launched in 1996 and has allowed access only by subscription from the beginning. A weekly (later daily) crossword edited by Mike Shenk was introduced in 1998. In 2003, Dow Jones began to integrate reporting of the Journal 's print and online subscribers together in Audit Bureau of Circulations statements. In 2007, it
765-624: A major expansion outside of the United States ultimately placing its journalists in every major financial center in Europe , Asia , Latin America , Australia , and Africa . In 1970, Dow Jones bought the Ottaway newspaper chain, which at the time comprised nine dailies and three Sunday newspapers. Later, the name was changed to Dow Jones Local Media Group . The first strike affecting a Journal printing plant
850-424: A method of illustration considered a consistent visual signature of the paper. the Journal still heavily employs the use of caricatures , including those by illustrator Ken Fallin , such as when Peggy Noonan memorialized then-recently deceased newsman Tim Russert . The use of color photographs and graphics has become increasingly common in recent years with the addition of more "lifestyle" sections. The daily
935-501: A presence in the St. Louis, Missouri , market. In 2006, they acquired Fidelity Bankshares Inc. for an estimated $ 1 billion deal that was half cash, half stock. The bank also acquired Harbor Florida Bancshares Inc. through a $ 1.1 billion stock deal, with both acquired banks located in Florida; these acquisitions gave National City $ 7.4 billion of assets and 94 branches in Florida. On the other side of
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#17328517774611020-544: A purchase agreement for National City. The acquisition was a stock purchase transaction to be completed before the end of 2008. National City would be merged into PNC, and the National City brand would be dissolved. The deal was approved by shareholders of both banks on December 23, 2008, and the acquisition was completed on December 31. The deal made PNC the largest bank in Pennsylvania , Ohio , and Kentucky , as well as
1105-557: A recommendation of Collis Potter Huntington , Dow and Jones co-founded their own news service, Dow Jones and Company , with fellow Kiernan reporter Charles Bergstresser . Dow Jones was headquartered in the basement of 15 Wall Street, the same building as Kiernan's company next to the New York Stock Exchange Building . The first products of Dow Jones & Company , the publisher of the Journal , were brief news bulletins, nicknamed flimsies , hand-delivered throughout
1190-528: A strong presence in Kentucky plus a token presence in southern Indiana. In February 1993, First Kentucky National Corp., a wholly owned subsidiary of National City Corp., was renamed National City Bank Kentucky. In January 1995, National City Corp. announced that it was acquiring the Lexington –based United Bancorp of Kentucky Inc. for $ 63 million in stock. In October 1991, National City Corp. announced that it
1275-495: A subscription model, requiring readers to pay for access to its articles and content. The Journal is published six days a week by Dow Jones & Company , a division of News Corp . The first issue was published on July 8, 1889. As of 2023, the Wall Street Journal is the largest newspaper in the United States by print circulation , with 609,650 print subscribers. It has 3.17 million digital subscribers,
1360-540: A week from New York for the Journal . Then in 1934, Kilgore began writing a daily news digest "What's News" for the Journal front page. Kilgore's writings attracted the attention of the White House; President Franklin D. Roosevelt publicly recommended Kilgore's work about pension payments for World War I veterans and a Supreme Court decision on the National Industrial Recovery Act of 1933 . However,
1445-467: Is different from Wikidata All article disambiguation pages All disambiguation pages National City Corp. National City Corporation was a regional bank holding company based in Cleveland, Ohio , founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing
1530-647: The Clarendon Hills –based MAF Bancorp, with offices in Chicago and Milwaukee, for $ 1.9 billion in stock. The acquisition was completed in September 2007. National City went on an acquisition spree from 2004 through 2008, headed by its $ 2.1 billion purchase of Cincinnati–based Provident Financial Group. Provident Financial Group's banking arm, Provident Bank, specialized in warehouse lending facilities whereby it extended commercial credit lines to mortgage banking firms so that
1615-512: The Dow theory . Scharff regarded Dow's essays from 1899 to 1902 as "stock market classics". In the months before passing in 1902, Dow arranged to sell Dow Jones and the Journal to Clarence W. Barron , Boston correspondent for the Journal since 1889, for $ 130,000 (equivalent to $ 4,578,000 in 2023). Because Barron had financial difficulties, his wife Jessie Waldron Barron made the $ 2,500 down payment to buy Dow Jones in 1902; Clarence would first own
1700-515: The Great Depression in the United States . Barron's descendants, the Bancroft family , would continue to control the company until 2007. The Wall Street Crash of 1929 would be yet another challenge to the Journal on top of Barron's death. William Peter Hamilton died of pneumonia on December 9, 1929, aged 63. Circulation of the Journal , having surpassed 50,000 in 1928, dropped below 28,000 in
1785-539: The Journal began publishing two separate Dow Jones stock indicies, the Dow Jones Industrial Average and Dow Jones Railroad Average . The first morning edition of the Journal was published on November 14, 1898. By the late 1890s, daily circulation reached 7,000. Charles Dow wrote the first "Review and Outlook" column on April 21, 1899, a front-page editorial column explaining stock prices in terms of human nature; Dow's thinking would later be known as
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#17328517774611870-479: The Journal continued to struggle financially, with circulation stagnant at 32,000 in 1940. Most editions were only 12 to 14 pages long, and Dow Jones made only $ 69,000 of profits on $ 2 million of revenue, mostly due to its news ticker. Scharff observed a lack of coverage about a possible U.S. role in World War II . In the 1940s, Dow Jones took steps to restructure the Journal . Kilgore was named managing editor of
1955-529: The Journal copy desk in 1929. He began writing a column for the Pacific Coast Edition called "Dear George", a feature explaining obscure financial topics in simpler, plain rhetoric. "Dear George" sharply contrasted with other Wall Street Journal articles that relied on jargon that was incomprehensible even to its own reporters. The Eastern edition of the Journal began carrying "Dear George", and beginning in 1932, Kilgore wrote "Dear George" three times
2040-613: The Journal had not yet entered popular understanding. The first major journalism award for the Journal was a Sigma Delta Chi public service award, for stories in late 1952 exposing links between Empire Mail Order and organized crime. These stories followed news that Howard Hughes sold RKO Pictures to Empire Mail Order. Circulation of the Journal continued increasing throughout the 1950s, to 205,000 in 1951, 400,000 in 1955, and over 500,000 by 1957. Warren H. Phillips became managing editor of The Wall Street Journal in 1957 after being promoted from Chicago bureau manager. Phillips
2125-561: The Journal in 1941 and Dow Jones CEO in 1945. Scharff described Kilgore's approach to journalism: "A Journal story had to satisfy its sophisticated readership, but it also had to be clear enough not to discourage neophytes." Additionally, Kilgore aimed to have the newspaper appeal to a national audience, by making the East Coast and West Coast editions of the Journal more homogeneous. Until printing presses and reporting bureaus could be opened on location, photographs could not be included in
2210-433: The Journal launched a weekend edition, delivered to all subscribers, which marked a return to Saturday publication after a lapse of some 50 years. The move was designed in part to attract more consumer advertising. In 2005, the Journal reported a readership profile of about 60 percent top management, an average income of $ 191,000, an average household net worth of $ 2.1 million, and an average age of 55. In 2007,
2295-523: The Journal launched a worldwide expansion of its website to include major foreign-language editions. The paper had also shown an interest in buying the rival Financial Times . The nameplate is unique in having a period at the end. Front-page advertising in the Journal was re-introduced on September 5, 2006. This followed similar introductions in the European and Asian editions in late 2005. After presenting nearly identical front-page layouts for half
2380-419: The Journal to charge similarly inflated advertising rates, as the advertisers would think that they reached more readers than they actually did. In addition, the Journal agreed to run "articles" featuring Executive Learning Partnership, presented as news, but effectively advertising. The case came to light after a Belgian Wall Street Journal employee, Gert Van Mol , informed Dow Jones CEO Les Hinton about
2465-593: The Journal was four pages long, with dimensions of 20 3/4 × 15 1/2 inches and cost of $ 0.02 per copy. In its early days, the Journal had "a tedious, blow-by-blow account of the day's business without benefit of editing," wrote Edward E. Scharff in 1986. For nearly 40 years, the front page had a four-column format, with the middle two devoted to news briefs and the farther two filled with advertisements for brokerage services. The Journal focused on stories from news wires and listings of stocks and bonds, while occasionally covering sports or politics. One front-page story on
2550-608: The Journal . In 1947 , the paper won its first Pulitzer Prize for William Henry Grimes's editorials . Also in May 1947, the Journal launched a Southwest edition based in Dallas . The newspaper also added a new slogan in 1949: "Everywhere, Men Who Get Ahead in Business Read The Wall Street Journal ." Circulation grew by nearly four-fold, from 32,000 in 1940 to 140,000 in 1949; however, Kilgore's editorial reforms of
2635-546: The Little Rock Central High School integration crisis went beyond the largely visual, emotional elements on newspapers and television, in depicting local citizens as supportive of integration in contrast to Governor Orval Faubus and other local politicians. During the 1962–1963 New York City newspaper strike , the Journal was the only daily newspaper to continue printing in New York City; however, after
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2720-441: The 1930s, and the newspaper downsized from 28 to 16 pages in the 1930s as well. Dow Jones president Hugh Bancroft retired in 1932; following his death in 1933, his widow Jane Waldron Bancroft appointed Kenneth Craven "Casey" Hogate as new company president. Hogate envisioned expanding the scope of the Journal to a "more general business paper" beyond stock and bond numbers. Expanding westward, The Wall Street Journal debuted
2805-756: The Cleveland–based Bank of Cleveland for an undisclosed amount. The acquisition was completed in January 1976. In December 1975, National City Corp. announced that it was acquiring the Elyria –based First National Bank of Elyria for $ 4.6 million in cash. The acquisition was completed in August 1976. In April 1977, National City Corp. announced that it was acquiring the Dayton –based First National Bank of Dayton for $ 40 million. In July 1979, National City Corp. announced that it
2890-427: The U.S. Treasury. At the time of the acquisition, National City had been the 7th largest bank in the United States, two spots ahead of acquirer PNC. The deal was finalized on December 31, 2008, and the National City name was retired on June 14, 2010. The Wall Street Journal reported on June 6, 2008, that National City Corp. had entered into a memorandum of understanding with federal regulators, effectively putting
2975-772: The bank on probation . Terms of the confidential agreement, entered into a month earlier with the Office of the Comptroller of the Currency (which regulates nationally chartered banks), were not known. On June 10, 2008, National City Corp. confirmed that it had reached agreements with regulators "regarding capital levels, risk-management practices and other aspects of its business ." The company stated that there had been no material developments in these areas since these memorandums of understanding were signed in April and May 2008. National City Bank
3060-433: The branches being sold off were retained, there were still heavy layoffs at National City's headquarters in Cleveland. PNC originally stated that 5,800 employees would be laid off corporate-wide across the new organization. In actuality, over 15,000 employees were laid off, all of them from the previous National City, with PNC losing customer and deposit market share in the Cleveland area as a result. National City Bank had been
3145-554: The changes. Dow Jones said it would save $ 18 million a year in newsprint costs across all The Wall Street Journal papers. This move eliminated one column of print, pushing the "A-hed" out of its traditional location (though the paper now usually includes a quirky feature story on the right side of the front page, sandwiched among the lead stories). The paper uses ink dot drawings called hedcuts , introduced in 1979 and originally created by Kevin Sprouls , in addition to photographs,
3230-643: The committee said that News Corporation had violated its agreement by not notifying the committee earlier. However, Brauchli said he believed that new owners should appoint their own editor. A 2007 Journal article quoted charges that Murdoch had made and broken similar promises in the past. One large shareholder commented that Murdoch has long "expressed his personal, political and business biases through his newspapers and television stations". Former Times assistant editor Fred Emery remembers an incident when "Mr. Murdoch called him into his office in March 1982 and said he
3315-532: The company by third-party mortgage brokers, as well as originating a large number of home equity loans. The amount of residential mortgage loans grew rapidly and came to exceed the level of commercial loans. By 2003, National City was the sixth-largest mortgage lender in the country. The company did sell its First Franklin Financial subsidiary in December 2006, but retained a large volume of loans that had been originated by
3400-536: The company was commonly known in the media by the abbreviated NatCity , with its investment banking arm even bearing the official name NatCity Investments . In 2007, National City Corp. ranked number 188 on the Fortune 500 list, and 9th in terms of revenue in the U.S. commercial banking industry with total assets of about $ 140 billion. PNC Financial Services announced October 24, 2008, its purchase of National City for about $ 5.2 billion in stock with funds from
3485-500: The company's acquisition by News Corporation. In an editorial page column, publisher L. Gordon Crovitz said the Bancrofts and News Corporation had agreed that the Journal ' s news and opinion sections would preserve their editorial independence from their new corporate parent. A special committee was established to oversee the paper's editorial integrity. When the managing editor Marcus Brauchli resigned on April 22, 2008,
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3570-518: The day to traders at the stock exchange . Beginning in 1883, they were aggregated in a printed daily summary called the Customers' Afternoon Letter , sold for $ 1.50 per month compared to the $ 15 a month Dow Jones bulletin service. Dow Jones opened its own printing press at 71 Broadway in 1885. Beginning July 8, 1889, the Afternoon Letter was renamed The Wall Street Journal . The debut issue of
3655-591: The debut edition of The Wall Street Journal was a raw wire report about the boxing match between John L. Sullivan and Jake Kilrain , with varying accounts of the fight citing The Boston Globe , the Baltimore American , and anonymous sources. Seldom did The Wall Street Journal publish analysis or opinion articles in its early decades. In addition to a private wire to Boston, the Journal had reporters communicate via telegraph from Washington, Philadelphia, Chicago, Pittsburgh, Albany , and London. In 1896,
3740-488: The early days of business journalism . In 1921, Barron's , the United States's premier financial weekly, was founded. Scharff described the newspaper in the Barron era as "Wall Street's public defender" against regulatory efforts by the U.S. Congress. Circulation continued to rise, reaching 18,750 to 1920 and 52,000 briefly in 1928. Barron died in 1928, a year before Black Tuesday , the stock market crash that greatly affected
3825-589: The first mortgage in America. The company operated through an extensive banking network primarily in Ohio , Illinois , Indiana , Kentucky , Michigan , Missouri , Pennsylvania , Florida , and Wisconsin , and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years,
3910-475: The former "Business & Tech" and "Money & Investing" sections. The new "Life & Arts" section took the place of "Personal Journal" and "Arena". In addition, the Journal 's "Greater New York" coverage was reduced and moved to the main section of paper. The section was shuttered on July 9, 2021. A 2018 survey conducted by Gallup and the Knight Foundation found that The Wall Street Journal
3995-536: The largest bank in the Cleveland market and held the largest deposit share of all of its competitors. After the PNC merger, crosstown rival KeyBank became the largest bank in Cleveland, gaining a significant share of deposits once held by National City; KeyBank would later buy First Niagara and move into PNC's home market of Pittsburgh with the former National City branches PNC had to sell off. The National City name lasted into 2010, since it would take PNC some time to integrate
4080-460: The late 1990s, under former CEO David Daberko, National City began a strategy to increase the yields on its assets. In 1999, the company purchased First Franklin Financial Corp. , a large subprime mortgage lender. Instead of selling the loans, as most mortgage companies do, National City retained many of the loans to enhance its net interest spreads. It also aggressively originated loans brought to
4165-469: The ledger, National City sold to Bank of America its 83% stake in National Processing Company, which earns fees from processing merchant credit card transactions. The sale of San Jose, California , based First Franklin origination franchise and related servicing platform to Merrill Lynch & Co . was completed on December 30, 2006, for $ 1.3 billion. In May 2007, National City announced
4250-474: The mortgage banking firms could make loans to their customers and either keep those loans or sell them in the secondary market to government-sponsored enterprises (GSEs) or other institutional investors . After the acquisition, National City renamed the division National City Warehouse Resources . The warehouse lending division was a profit center and did not contribute to the bank's downfall. In addition, in 2005, National City acquired Allegiant Bancorp to secure
4335-604: The most overlap), Florida, and the Youngstown & Steubenville, Ohio regions. The conversion of National City to PNC was completed in June 2010, in the following phases: The Wall Street Journal The Wall Street Journal ( WSJ ), also referred to simply as the Journal , is an American newspaper based in New York City , with a focus on business and finance. It operates on
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#17328517774614420-516: The paper laid off another five people from its standards and ethics team. In April, the paper laid off at least 11 people from its video and social media desks. In May, the Journal cut six editorial staff positions from its Hong Kong bureau and another two reporter jobs in Singapore . Moving forward the paper will shift its focus in the region from Hong Kong to Singapore with new the creation of several new jobs at that bureau. More staff were laid off
4505-402: The paper's "combination of respected news pages and conservative editorial pages seem to be a magic formula for generating trust across the ideological spectrum." From 2019 through 2022, the Journal partnered with Facebook to provide content for the social-media site's "News Tab". Facebook paid the Journal in excess of $ 10 million during that period, terminating the relationship as part of
4590-530: The print edition. By June 2013, the monthly cost for a subscription to the online edition was $ 22.99, or $ 275.88 annually, excluding introductory offers. Digital subscription rates increased dramatically to $ 443.88 per year as its popularity increased over print, with first-time subscribers paying $ 187.20 per year. On November 30, 2004, Oasys Mobile and The Wall Street Journal released an app that would allow users to access content from The Wall Street Journal Online via their mobile phones. In September 2005,
4675-480: The purchase of MAF Bancorp Inc., the holding company for MidAmerica Bank. As of June 30, 2006, MidAmerica Bank had the 9th-ranked market share in the Chicago metropolitan area (Chicago-Joliet-Naperville) at 2.18%. Following the merger using the same dataset, the combined National City and MidAmerica Banks were expected to rank 4th in the Chicago market with a market share of 3.96% and deposits of more than $ 10 billion. In
4760-400: The questionable practice. As a result, the then Wall Street Journal Europe CEO and Publisher Andrew Langhoff was fired after it was found out he personally pressured journalists into covering one of the newspaper's business partners involved in the issue. Since September 2011, all the online articles that resulted from the ethical wrongdoing carry a Wall Street Journal disclaimer informing
4845-431: The readers about the circumstances in which they were created. The Journal , along with its parent Dow Jones & Company, was among the businesses News Corporation spun off in 2013 as the new News Corp . In November 2016, in an effort to cut costs, the Journal 's editor-in-chief, Gerard Baker , announced layoffs of staff and consolidation of its print sections. The new "Business & Finance" section combined
4930-446: The real estate market there went into a severe decline. As the subprime mortgage market began going into free fall in mid-2007 and continued into 2008, loan losses mounted. In the third quarter of 2007, the company suffered a net loss of $ 19 million. By the second quarter of 2008, the company had a net loss of $ 1.8 billion. On October 9, 2008, The Wall Street Journal ran an article citing unnamed sources indicating that National City
5015-433: The same term [REDACTED] This disambiguation page lists articles associated with the title National City Bank . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=National_City_Bank&oldid=1212174525 " Category : Disambiguation pages Hidden categories: Short description
5100-630: The second largest bank in Maryland and Indiana . It greatly expanded PNC's presence in the Midwest , as well as entering PNC into the Florida market. Pittsburgh , Louisville, Kentucky , and Cincinnati were the only three markets before the acquisition in which both banks had a major presence. In the case of Pittsburgh, the two banks had significant overlap, to the point that it would pose antitrust issues in Western Pennsylvania , since both banks had
5185-558: The second-most in the nation after The New York Times . WSJ publishes international editions in various regions around the world, including Europe and Asia. The editorial pages of the Journal are typically center-right in their positions. The newspaper has won 39 Pulitzer Prizes . A predecessor to The Wall Street Journal was the Kiernan News Agency founded by John J. Kiernan in 1869. In 1880, Kiernan hired Charles H. Dow and Edward D. Jones as reporters. On
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#17328517774615270-699: The signs were changed over from National City during that year's Labor Day Weekend . The branches not purchased by First Niagara were the four in Crawford County, Pennsylvania , that PNC was still required to divest: one branch in Titusville was sold to The Farmer's National Bank of Emlenton, with the other three (one in Conneaut Lake , and the other two in Meadville , including the branch inside Walmart ) were sold to Marquette Savings Bank . Although employees at
5355-405: The strike, Kilgore ordered the printing presses moved from New York to Chicopee, Massachusetts effective July 1, 1963. Although Kilgore did not publicly explain his rationale then, Scharff wrote in 1986 that the move resulted from feuds between Dow Jones and the printer's union. By Kilgore's death in 1967, Wall Street Journal circulation exceeded one million. In 1967, Dow Jones Newswires began
5440-415: The subsidiary. Management failed to recognize the extent of problems in the subprime market and did not take sufficient aggressive actions to reduce its real estate mortgage portfolio. National City subsequently made several other strategic mistakes, including buying back $ 3 billion of its stock in early 2007, thereby reducing its level of capital, and expanding into the Florida market in late 2006, just before
5525-487: The time of their acquisition. This change would allow a unified brand through the company and simplify advertising. In February 1975, National City Corp. announced that it was seeking to acquire the assets of the failed Northern Ohio Bank from the Federal Deposit Insurance Corporation . The acquisition was completed by March 1975. In March 1975, National City Corp. announced that it was acquiring
5610-537: The time, opened its doors to the public at No. 52 Superior Street. National City Corporation was one of the principal players in the Dawes Plan to rebuild Germany in the post World War I period, contributing $ 173,000,000 in loans. Part of which included a $ 30,000,000 insurance on the securities of Allgemeine Elektrizitäts-Gesellschaft (A.E.G.), aka German General Electric, and $ 35,000,000 to American I.G. Chemical (I.G. Farben). In April 1973, National City Corporation
5695-529: The top two market shares in that region. As a result, the United States Department of Justice required PNC to sell off 50 National City branches in the Pittsburgh area and 11 more branches in and around Erie to competitors. On April 7, 2009, PNC reached a deal with Buffalo -based First Niagara Bank to sell 57 of the branches; First Niagara officially took over those branches on September 8, after
5780-405: The two banks together. Despite the branch closures and the sale of others to First Niagara and Emclaire, PNC still ended up with a 46% market share in Pittsburgh, over three times the market share of second-place Citizens Financial Group , with 13%. PNC began to convert the National City branches that were not sold off or closed on November 7, 2009, starting with Pennsylvania (where the two had
5865-440: Was Jewish, in contrast to the largely midwestern, WASP management of the Journal at the time. Phillips, a former socialist, shifted his political views in the 1950s to reflect social liberalism and fiscal conservatism. Under Phillips, the Journal provided in-depth coverage of the civil rights movement , on the grounds that it "was something that the average businessman needed to know about". For instance, Journal coverage of
5950-602: Was a three-day strike at Silver Spring, Maryland , in 1967; that would be followed by a weeklong strike by truck drivers at the South Brunswick, New Jersey , in 1970. The period from 1971 to 1997 brought about a series of launches, acquisitions, and joint ventures, including " Factiva ", The Wall Street Journal Asia , The Wall Street Journal Europe , the WSJ.com website, Dow Jones Indexes, MarketWatch , and "WSJ Weekend Edition". In 2007, News Corp. acquired Dow Jones. WSJ. ,
6035-483: Was acquiring the Columbus –based BancOhio Bancorp for $ 310 million in stock and cash. In May 1986, the troubled Cleveland–based Broadview Savings & Loan Company announced that it was selling 18 of its 38 offices to National City for $ 24 million. In June 1989, National City Corp. announced that it was acquiring the insolvent Dayton –based Gem Savings Association without the assistance of federal aid. The acquisition
6120-514: Was acquiring the Fort Pierce –based Harbor Florida Bancshares for $ 1.1 billion in stock. The acquisition was completed in December 2006. In July 2006, National City Corp. announced that it was acquiring the West Palm Beach –based Harbor Fidelity Bankshares for $ 1 billion in stock. The acquisition was completed in January 2007. In May 2007, National City Corp. announced that it was acquiring
6205-528: Was acquiring the Fort Wayne –based Fort Wayne National Corporation for $ 800 million in stock. The acquisition was completed in March 1998. In August 1995, National City Corp. announced that it was acquiring the Pittsburgh –based Integra Financial Corporation for $ 2.1 billion in stock. The acquisition was completed in May 1996 for $ 2.4 billion in stock. In December 1997, National City Corp. announced that it
6290-540: Was acquiring the Indianapolis –based Merchants National Corporation with its lead bank Merchants National Bank and Trust Company of Indianapolis and 14 other banks for $ 604 million in stock. The acquisition was completed in May 1992. In July 1994, National City Corp. announced that it was acquiring the Kokomo –based Central Indiana Bancorp for $ 48 million in stock. In January 1998, National City Corp. announced that it
6375-562: Was acquiring the Kalamazoo –based First of America Bank Corporation, with offices in Michigan, Illinois and Indiana, for $ 7.1 billion in stock. The acquisition was completed in March 1998. In November 2003, National City Corp. announced that it was acquiring the St. Louis –based Allegiant Bancorp for $ 475 million in stock. The acquisition was completed in April 2004 for $ 500 million in stock. In July 2006, National City Corp. announced that it
6460-614: Was acquiring the Norwalk –based Huron County Banking Company for an undisclosed price. The acquisition was completed in May 1979. In September 1981, National City Corp. announced that it was acquiring the Akron –based Goodyear Bank for an undisclosed price. In December 1981, National City Corp. announced that it was acquiring the Toledo –based Ohio Citizens Bancorp for $ 64 million in cash and notes. In March 1984, National City Corp. announced that it
6545-543: Was awarded by the Society for News Design World's Best Designed Newspaper award for 1994 and 1997. On May 2, 2007, News Corporation made an unsolicited takeover bid for Dow Jones , offering $ 60 per share for stock that had been selling for $ 36.33 per share. The Bancroft family , which controlled more than 60% of the voting stock, at first rejected the offer, but later reconsidered its position. Three months later, on August 1, 2007, News Corporation and Dow Jones entered into
6630-471: Was commonly believed to be the largest paid-subscription news site on the Web, with 980,000 paid subscribers. Since then, digital subscription has risen to 1.3 million as of September 2018, falling to number two behind The New York Times with 3 million digital subscriptions. In May 2008, an annual subscription to the digital edition of The Wall Street Journal cost $ 119 for those who do not have subscriptions to
6715-701: Was completed in January 1990. In April 1993, National City Corp. announced that it was acquiring the Youngstown –based Ohio Bancorp for $ 200 million in stock and cash and integrating it into National City Bank, Northeast. The acquisition was completed in October 1993. In February 2004, National City Corp. announced that it was acquiring the Cincinnati –based Provident Financial Group, with its lead bank Provident Bank and offices located in Southwestern Ohio and Northern Kentucky, for $ 2.1 billion in stock. The acquisition
6800-581: Was completed in July 2004. In June 2004, National City Corp. announced that it was acquiring the Wooster –based Wayne Bancorp for $ 180 million in cash. The acquisition was completed in October 2004. In January 1988, National City Corp. announced that it was acquiring the Louisville –based First Kentucky National Corporation for $ 660 million in stock. The acquisition was completed in July 1988 and it gave National City
6885-467: Was considered the third most-accurate and fourth most-unbiased news organization among the general public, tenth among Democrats , and second among Republicans . In an October 2018 Simmons Research survey of 38 news organizations, The Wall Street Journal was ranked the most trusted news organization by Americans. Joshua Benton of the Nieman Journalism Lab at Harvard University wrote that
6970-555: Was considering firing Times editor Harold Evans . Mr. Emery says he reminded Mr. Murdoch of his promise that editors couldn't be fired without the independent directors' approval. 'God, you don't take all that seriously, do you?' Mr. Murdoch answered, according to Mr. Emery." Murdoch eventually forced out Evans. In 2011, The Guardian found evidence that the Journal had artificially inflated its European sales numbers, by paying Executive Learning Partnership for purchasing 16% of European sales. These inflated sales numbers then enabled
7055-538: Was formed as the holding company for the National City Bank of Cleveland to allow the company to expand outside of Cuyahoga County through the purchase of other banks. In February 1992, National City announced that all member banks would change over to operate under the National City name within three years. Until this time, all acquired banks had continued to operate under the same name that they were using at
7140-567: Was founded on May 17, 1845, when a group of Cleveland, Ohio businessmen pooled $ 50,000 to organize the City Bank of Cleveland , the first bank opened under the Ohio Bank Act of 1845 in a small town with no gas, electricity, public waterworks, or railroad. Reuben Sheldon and Theodoric C. Severance, formerly of the Fireman's Insurance Company, organized The City Bank of Cleveland. The city's only bank at
7225-618: Was in talks with several other banks for a possible sale. The article named Pittsburgh -based PNC Financial Services , Toronto -based Scotiabank , and Minneapolis –based U.S. Bancorp (U.S. Bank) as the leading contenders. A spokesperson for National City declined to comment on the report. By taking over National City, Scotiabank would be able to "obtain a larger presence in the U.S. regional banking arena than their Canadian peers ", however Scotiabank CEO Rick Waugh declined after they could not properly value National's mortgage assets. On October 24, 2008, PNC announced that it had finalized
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