National City Corp. and Fifth Third Bancorp delivered more bad news from regional banks as they reported third-quarter losses amid large credit-loss provisions and worsening credit quality.

Still, the Ohio banks managed to improve their results from the second quarter, when both companies had even wider losses. Nonetheless, National City announced plans to cut 14% of its work force, or 4,000 jobs, as it moves to cut $500 million to $600 million in costs by 2011.

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