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Ambac shares hit record low after new disclosure
Bond insurer reports CDO write-downs, claim payments from April
By Alistair Barr, MarketWatch
Last Update: 2:56 PM ET May 28, 2008
SAN FRANCISCO (MarketWatch) — Ambac Financial shares fell to a record low on
Wednesday after the bond insurer disclosed new information about its operations
in April.
Ambac reported $228 million of write-downs during [...]

Ripplewood Holdings Mulls Monoline Business -NY Post
Last Update: 5/28/2008 11:32:35 AM
DOW JONES NEWSWIRES
Ripplewood Holdings is in early discussions on creating a so-called monoline
insurance venture to compete with the likes of Ambac Financial (ABK) and MBIA
Inc. (MBI), the New York Post reported Wednesday on its Web site, citing people
familiar with the situation.
Ripplewood declined comment.
Ripplewood would look [...]

DOW JONES NEWSWIRES
Ambac Financial Group Inc. (ABK) said it wrote down $228 million in
collateralized-debt obligations in April as it continues to be weighed down by
the credit crunch.
In a monthly update on its pretax financial data, the second-largest bond insurer
also reported a $53.4 million loss on fair-value changes in its investment
portfolio more than offset [...]

Ambac Responds to Article Related to Its Second Lien RMBS Exposure
NEW YORK, May 22, 2008 (BUSINESS WIRE) — Ambac Financial Group, Inc. (ABK)
(Ambac) today responded to a Credit Sights article published on May 21, 2008 that
calls into question the current level of Ambac’s loss reserves on its second lien
RMBS exposure. In the article Credit Sights [...]

Harbinger Reports Reduced Stakes In Bond Insurers MBIA, Ambac
Last Update: 5/15/2008 11:35:11 AM
DOW JONES NEWSWIRES
Hedge fund Harbinger Capital Partners and affiliates reported Thursday reduced
stakes in bond insurers MBIA Inc. (MBI) and Ambac Financial Group Inc. (ABK) in
their first-quarter holdings reports.
At March 31, the hedge fund group reported holding 880,300 shares of MBIA, worth
$10.8 million, down [...]