Ambac says government should back bond insurers
SAN FRANCISCO (MarketWatch) — Ambac Financial said on Wednesday that the U.S.
government should back bond insurers through a two-part program of guarantees.
The Treasury should provide a guarantee to bond insurers that covers portfolio
losses that exceed a certain level. This would free up capital and help to get
more credit flowing [...]
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 [...]
SAN FRANCISCO (MarketWatch) — Ambac Financial said on Wednesday that it has no
material exposure to securities backed by subprime second-lien mortgages and
subprime home equity lines of credit, two types of securities that are worrying
Moody’s Investors Service. The rating agency said yesterday that
bigger-than-expected losses on these securities may increase the capital that
bond insurers have to set [...]
SAN FRANCISCO (MarketWatch) — Poor performance of second lien residential
mortgage-backed securities (RMBS) could impact the credit ratings of bond
insurers, Moody’s Investors Service said on Tuesday. Bond insurers have
significant exposure to second lien RMBS, mainly through guaranties on the
securities and, to a lesser extent, through exposure to collateralized debt
obligations backed by such assets, the rating agency [...]
Berkshire’s Muni Insurer Starts Strongly-Buffett
Last Update: 5/3/2008 1:38:52 PM
OMAHA, Neb. (Dow Jones)–Berkshire Hathaway Inc.’s (BRKA) new bond insurance
business has started strongly, writing more than $400 million of policies on
municipal debt during the first quarter, Chairman Warren Buffett said at the
company’s annual meeting Saturday.
Most of the policies sold by Berkshire Hathaway Assurance Corp. have been written
in [...]
Ambac gains on Moody’s cautious assessment
Goldman expects Ambac and MBIA to raise another $3.4 billion each
By Alistair Barr, MarketWatch
Last Update: 4:22 PM ET Apr 24, 2008
SAN FRANCISCO (MarketWatch) — Ambac Financial shares rallied more than 7% on
Thursday after influential ratings agency Moody’s Investors Service issued a
cautiously supportive assessment of the bond insurer’s huge quarterly loss. [...]
MBIA CEO Buys 62,714 MBIA Shrs For About $530,000 >MBI
Last Update: 4/24/2008 1:36:53 PM
DOW JONES NEWSWIRES
MBIA Inc.’s (MBI) chairman and chief executive Joseph Brown Thursday bought
company shares worth $529,933, according to a regulatory filing.
Brown, who returned to the company in February to lead the beleaguered Armonk,
N.Y., bond insurer, said he bought 62,714 shares for $8.45 [...]
U.S. stock futures turn lower as Ambac reports loss
By Steve Goldstein, MarketWatch
Last Update: 7:13 AM ET Apr 23, 2008
LONDON (MarketWatch) — U.S. stock futures edged lower on Wednesday after a
downbeat start to the week, with earnings on deck from companies ranging from
plane producer Boeing to brewer Anheuser-Busch as oil and the euro moved away
from record [...]
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