Finance

Regional Banks Feel Credit’s Pinch 

A slew of regional bank earnings, released Tuesday morning, provide a quick look at how the nation’s credit crunch is affecting banks other than the national, commercial giants. For Cleveland-based National City Corp. [stock NCC][/stock], the ghost of former subprime lending platform First Franklin — and now, a slew of other loans, too — has continued to hurt, as the bank reported a third quarter net loss of $729 million and continued to build its loss reserves.