National City Corp. swung to a second-quarter loss as credit losses continued to surge. The company, which sees lower credit-loss provisions in the second half of the year, said it is the best-capitalized bank among its peer group.

The Ohio bank posted a net loss of $1.76 billion, or $2.45 a share, compared with year-ago net income of $347 million, or 60 cents a share. The latest results included a $1.1 billion writedown related to previous acquisitions.

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