National City looking to unload excess baggage

From Reuters:

National City Corp (NCC.N: Quote, Profile, Research) is trying to sell its money-management unit, the Wall Street Journal reported in its online edition, citing people familiar with the matter.

National City is working with Morgan Stanley to shop Allegiant Funds, which manages about $30 billion.

Source: National City trying to sell money-management unit: report

Apparently, National City isn't the only one. Fifth Third and KeyCorp are also reported to be looking for buyers for assets. As it should be in these times. One less thing to worry about.