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Bond Insurers

Bank Of America's Huge Legal Bill Cuts Into Profit

Reuters | Posted 06.16.2014 | Business

April 16 (Reuters) - Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a...

One City's 'Last And Best Chance To Avoid A Bankruptcy'

Reuters | Posted 04.29.2012 | Business

(Adds comments) By Jim Christie SAN FRANCISCO, Feb 28 (Reuters) - Stockton, California's city council approved a plan l...

Major Insurer's Lawsuit Against Bank Of America Gets Easier

The Huffington Post | Alexander Eichler | Posted 01.04.2012 | Business

The bad news continues to pile up for Bank of America, with a New York state court issuing a ruling Tuesday that will make it easier for a major bond ...

Pennsylvania Capital's Bankruptcy Filing Rejected By Federal Judge

AP | MARC LEVY | Posted 01.23.2012 | Business

HARRISBURG, Pa. — A federal bankruptcy judge on Wednesday threw out a petition by the City Council of Pennsylvania's debt-choked capital of Harr...

Lehman Scandal: Where's the Follow Up?

Eliot Spitzer | Posted 05.25.2011 | Business
Eliot Spitzer

A deeper examination of the relationship between all the audit firms and their clients on the issue of risk-obfuscation is needed. Limiting any inquiry to Lehman alone is inadequate. To start, here are a few simple questions.

Fight Club: Ackman's Hedge Fund Vs. Wall Street's Ponzi Machine

Janet Tavakoli | Posted 05.25.2011 | Business
Janet Tavakoli

If a corrupt scheme is "making money," everyone involved--from the culprits to the dupes--viciously attacks anyone who tries to expose it. Hedge fund manager Bill Ackman learned this lesson the hard way.

The Stock Market: A (Psycho)Analysis

Stanley Bing | Posted 05.25.2011 | Business
Stanley Bing

If the stock market was a person, what kind of person would it be?

Ambac Split Avoided in Capital Plan

AP | STEPHEN BERNARD and MICHAEL GORMLEY | Posted 05.25.2011 | Business

NEW YORK — Ambac Financial Group Inc.'s plan to try to sell $1.5 billion in stock in a bid to safeguard its critical "AAA" financial-strength ra...

Ailing Ambac To Get $3 Billion Bailout

Bloomberg | Cecile Gutscher, Erik Holm | Posted 05.25.2011 | Business

Ambac Financial Group Inc. rose to the highest in two weeks on investor expectations the bond insurer may be rescued from crippling credit-rating down...

Billionaire Ross Eyes Ambac

Reuters Via CNBC | Posted 05.25.2011 | Business

Billionaire Wilbur Ross is in serious talks to take over Ambac Financial Group, according to a media report, but broader efforts to rescue the sector ...

Troubled Bond Insurers Could Become Source Of Next Financial Crisis

New York Times | VIKAS BAJAJ and JENNY ANDERSON | Posted 05.25.2011 | Business

Even as stocks ended five days of losses with a surprising recovery on Wednesday, officials began moving to defuse another potential time bomb in the ...