National City was just saved by a huge investment from Corsair Capital and other private investment firms. According to Corsair’s vice chairman, in this interview, we should expect another 18-24 months of pain in the banking sector, but National City should pull through it all.
CNBC interviews Richard Thornburgh.
It’s worth the four minutes it’ll take you to watch this, if you’re interested in what’s going on with banks and National City, in particular.
