Ad
related to: mbia muni services- The Basics
View Our FAQs Sheet For Digestible
Answers About Muni Bond Insurance
- Bond Insurance
Insure Your Muni Bonds
Insured by the Proven Leader.
- The Basics
Search results
Results from the WOW.Com Content Network
MBIA Inc. is an American financial services company. It was founded in 1973 as the Municipal Bond Insurance Association . It is headquartered in Purchase, New York , and as of January 1, 2015 had approximately 180 employees. [ 3 ]
The game of legal cat-and-mouse between MBIA and Bank of America shifted today in favor of the Armonk, New York-based financial guarantee insurer. In a rare scenario in which B of A was not the ...
On February 12, 2008, Warren Buffett announced a plan to add up to $5 billion in capital to BHA to enable it to provide reinsurance on municipal bonds currently guaranteed by Ambac, MBIA, and Financial Guaranty Insurance Company. [7] Buffet also announced BHA had closed its first deal to insure $50 million in debt for a 2% fee. [7]
The municipal insurance subsidiary was renamed Ambac Assurance. Ambac and other bond guarantors such as MBIA were hit hard by the 2007 subprime mortgage financial crisis and on January 18, 2008, its Fitch credit rating was lowered from AAA (the highest) to AA when its plans to raise two billion dollars in new capital failed. [9]
A dizzying array of legal battles have and continue to be waged as a result of the financial crisis, but few approached the intensity of the recently concluded fight between Bank of America and MBIA .
MBIA Inc. Announces the Successful Completion of its Consent Solicitation Relating to the Indentures Governing Its 6.40% Senior Notes Due 2022, 7.00% Debentures Due 2025, 7.15% Debentures Due 2027 ...
At a billed cost of more than $100,000, his law firm copied 725,000 pages of statements regarding the financial services company to comply with a subpoena. [20] Ackman called for a division between MBIA's structured finance business and its municipal bond insurance business. [20] [21]
Does the prospect of earning 0.1% on a bank savings account leave you ... unenthused? Do the 0.2% interest rates that the U.S. government is paying on two-year Treasuries stick in your craw? Maybe ...
Ad
related to: mbia muni services