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MBIA, Bank Of America Reach Settlement

Reuters | Posted 07.06.2013 | Business

* BofA remits MBIA bonds, gets warrants to buy 4.9 pct stake * Settlement resolves all litigation and swaps liabilities ...

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 ...

SEC Subpoenas JPMorgan Over Failed Mortgages

Posted 07.06.2011 | Business

JPMorgan Chase & Co has received a subpoena from the U.S. Securities and Exchange Commission over failed mortgages, Bloomberg said, citing a person fa...

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.

Charlie Gasparino's Glass Jaw and A Woman of No Importance

Janet Tavakoli | Posted 05.25.2011 | Media
Janet Tavakoli

Charles Gasparino may break some Wall Street gossip, but don't look to him for cutting-edge insightful analysis. After-the-fact reporting is not the same as being "ahead" of everyone else.

MBIA Gets Added Boost From Moody's | Laurie Kulikowski | Posted 05.25.2011 | Business

MBIA surged as much as 6% in trading Tuesday after Moody's Investor Services confirmed the financial guarantor's triple-A rating. The action comes a ...

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...