Tag:
Bond Insurer
Latest Headlines
Latest Headlines
The end of bond insurer MBIA?
You have to give MBIA some credit for simply staying alive as a corporate entity in the wake of the financial crisis. Of course, to some that's tantamount to giving Lehman Brothers credit for staying alive as a creature of the bankruptcy courts.
MBIA is a mere shell of what it once was, and no
Ambac seeks prepackaged bankruptcy; one bond insurer left
The credit crisis has taken a massive toll on bond insurers. Most lost their AAA ratings and were forced to stop selling new guarantees. Some have been sold or are shutting down. The latest to run into problems: Ambac, which has been ailing for months.
In a regulatory filing, Ambac revealed it
Is another shoe about to drop in crisis?
Not too long ago, bank executives and regulators were suggesting that the worst of the credit crisis was over. Once Bear Stearns effectively went belly-up, people thought, 'OK, we've had the big failure. The nadir has been reached.' But then along came the Lehman Brothers situation, followed b
The sad plight of the bond insurers
The near implosion of bond insurers is a sad painful opera that is playing out as we speak. The level to which these companies have descended is awesome. MBIA shares are at their lowest point in a decade, MarketWatch notes. Ambac, at just under $2 a share, is down nearly 100 percent over the p
Citigroup earnings worse than expected
Citigroup  lost $1.02 per share, lagging behind the average estimate of 95 cents a share. This is one of those downside surprises that somehow is not all that surprising. The bank wrote off $12 billion in subprime-related debt, bond insurer exposure, leveraged loan commitments, auction rate s
ALSO NOTED: Citigroup reorganizes in Japan; Punk Ziegel analyst cuts Bear Stearns target price; and much more...
Company News:
> Citigroup reorganizes in Japan. Article
> S&P downgrades another bond insurer. Article
> Bear Stearns comfortable with 1Q estimates. Article
> Put traders bet against Bear Stearns. Article
> Bear Stearns stock nothing to crow about
Bond insurer to Fitch: Don't rate us
A sign of the times: Ailing bond insurer MBIA has taken credit-rating agency Fitch to task for not being more tough on muni bond insurers, notes Fortune . The firm made waves when it asked Fitch to stop rating its debt. In another letter, it said Fitch simply does not require enough capital of
