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MBIA Inc. and its chief rival Ambac Financial Group Inc. are looking better. But they're far from having their futures insured.
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MBIA Inc posted a $1.7 billion quarterly profit due to an accounting change that turned credit problems into a big gain, but the world's largest bond
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MBIA Inc. reported a surprise second-quarter net income of almost $2 billion on Friday as the bond insurer booked gains on credit derivatives.
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An analyst on Friday downgraded Ambac Financial Group Inc. to "Underweight," calling the bond insurer's business model "broken."
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MBIA Inc's quarterly profit jumped sharply on gains from derivatives, but credit rating downgrades have made it much harder to win new business, the
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