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NatCity Inks $168M Settlement With NY Pension Fund

By Dan Rivoli (August 8, 2011, 9:52 PM EDT) -- National City Corp. has agreed to pay New York's pension fund $168 million to settle a securities fraud class action in Ohio accusing the financial holding company of misrepresenting the quality of mortgage loans behind securities, state Comptroller Thomas P. DiNapoli announced Monday....

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