National City Corporation (NYSE: NCC) 46.6% LOWER; growing fears after Wachovia's FDIC facilitated fire sale to Citi.

Soverign Bancorp (NYSE: SOV) 36.9% LOWER; amid the insanity on Wall Street over the last month, Sovereign has now become the second-largest U.S. savings and loan company, making it one of the few large banking targets left on Wall Street.

Today's move comes despite an upgrade to Buy at Janney Montgomery Scott. Fifth Third Bancorp (Nasdaq: FITB) 30.5% LOWER; according to data from...