bond insurer
MBIA posts huge loss on credit derivatives
Posted May 12th, 2008 by California Home LoanNEW YORK (Reuters) - MBIA Inc (MBI.N), the world's largest bond insurer, posted a quarterly loss of $2.4 billion on Monday as it took charges on billions of dollars of exposure to bonds linked to subprime mortgages.
MBIA slides to huge 1Q loss on hefty charges
Posted May 12th, 2008 by California Home LoanNEW YORK -- MBIA Inc. swung to a $2.41 billion loss during the first quarter as the bond insurer faced ongoing deterioration in the credit markets and recorded billions in write-downs.
Ambac shares dive after steep loss
Posted April 23rd, 2008 by California Home LoanNEW YORK (Reuters) - Ambac Financial Group Inc (ABK.N), a bond insurer that struggled to raise capital earlier this year, posted a surprisingly wide first-quarter loss on Wednesday after setting aside $1 billion to cover future payouts on mortgage bonds.
Ambac swings to 1Q loss as it takes $3.06 billion in charges
Posted April 23rd, 2008 by California Home LoanPMI Group posts $1 billion loss in fourth quarter
Posted March 17th, 2008 by California Home LoanMortgage insurer PMI Group of Walnut Creek revealed today that it lost $1 billion in the fourth quarter last year, largely due to losses from its investment in New-York-based bond insurer Financial Guarantee Insurance.
Credit Crisis Pushes Blackstone to Quarterly Loss
Posted March 11th, 2008 by California Home LoanBlackstone Posts 4Q Loss of $170 Million
Posted March 10th, 2008 by California Home LoanBlackstone says tough conditions hit results
Posted March 10th, 2008 by California Home LoanNEW YORK (Reuters) - Private equity and real estate company Blackstone Group LP (BX.N) posted lower-than-expected quarterly results on Monday, citing tough market conditions and a write-down of bond insurer FGIC, and said it would probably be 2009 before conditions improve.
Treasurys Mixed Amid Complex News Flow
Posted March 7th, 2008 by California Home LoanNEW YORK -- Treasurys closed mixed Friday, after being buffeted by a complex mix of news developments, including heavy monthly job losses on the one hand and a generally successful stock sale by bond insurer Ambac Financial Group Inc. on the other.
Ambac raises $1.5 billion
Posted March 7th, 2008 by California Home LoanNEW YORK (Reuters) - Bond insurer Ambac Financial Group Inc (ABK.N) said on Friday it sold $1.5 billion of shares and convertibles, protecting the company from ratings cuts but not satisfying some analysts who wanted the company to raise more.