Thursday, July 19, 2007

UPDATE 1-Huntington Bancshares profit falls

(Reuters) - NEW YORK, July 19 - Huntington Bancshares Inc., a large U.S. Midwest bank, said on Thursday second-quarter net fell 28 percent, blaming soured loans to homebuilders in eastern Michigan.



Huntington , which warned earlier this month that profits would fall, said it expects its business to be hurt by a continued downturn in the eastern Michigan housing market and by weakness in the auto industry.


Read more at Reuters.com Market News

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