Ambac stock touches record low after report of new write-downs
May.28, 2008 in
Market Outlook
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 [...]
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