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Ambac Financial shares rally as the bond insurer settles a $1.4 billion CDO exposure and will tally a gain on its mark-to-market portfolio.
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Ambac surged 19% in early trading Friday after the bond insurer said it would recognize a gain on an agreement to settle a $1.4 billion guarantee con
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NEW YORK----Ambac Financial Group, Inc. today announced that it has settled one of its largest CDO exposures, AA Bespoke, in exchange for a final cas
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Ambac Financial Group says it settled one of its largest collateralized debt exposures. The New York-based bond insurer will pay $850 million to end
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ARMONK, N.Y.----MBIA Inc. will host a webcast and conference call for investors on Friday, August 8, at 9:00 a.m. to discuss its second quarter 2008
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