mbia inc
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.
MBIA keeps top ratings, markets relieved
Posted February 25th, 2008 by California Home LoanNEW YORK (Reuters) - MBIA Inc (MBI.N), the world's largest bond insurer, held onto its top credit ratings from Standard & Poor's on Monday, a development that soothed stock and bond investors who feared downgrades would roil capital markets.
Stocks Rise As Ambac Rating Affirmed
Posted February 25th, 2008 by California Home LoanNEW YORK -- Wall Street bolted higher Monday after Standard & Poor's affirmed its ratings for Ambac Financial Group Inc. and MBIA Inc., raising hopes that troubled bond insurers will emerge from the credit market crisis on solid footing. The Dow Jones industrials rallied nearly 190 points.
MBIA says municipal, corporate units should split
Posted February 21st, 2008 by California Home LoanNEW YORK (Reuters) - MBIA Inc (MBI.N), struggling to preserve the top-level credit ratings it needs to operate normally, said on Thursday its industry should insure municipal bonds as a separate business from insuring riskier corporate and asset-backed debt.
MBIA ousts CEO Dunton, taps former chief Brown
Posted February 19th, 2008 by California Home LoanMBIA Loses $2.3 Billion on Write-Downs
Posted January 31st, 2008 by California Home LoanMBIA posts $3.5 billion loss
Posted January 31st, 2008 by California Home LoanNEW YORK (Reuters) - MBIA Inc, a bond insurer struggling to keep the top credit ratings necessary to win new business, posted a record quarterly loss after writing down $3.5 billion and said it was looking at ways to raise equity to shore up capital.
MBIA pays up to lure demand for $1 billion debt sale
Posted January 11th, 2008 by California Home LoanNEW YORK (Reuters) - Investors may snap up a planned $1 billion debt sale by a unit of MBIA Inc , after the beleaguered bond insurer was forced to ramp up the deal's yield to about 14 percent to attract greater interest, according to investors familiar with the deal on Friday.
MBIA Unveils Plans to Protect Ratings
Posted January 9th, 2008 by California Home LoanNEW YORK -- MBIA Inc. plans to record $737 million in losses, slash its dividend and sell $1 billion in bonds as part of a strategy unveiled Wednesday to shelter the bond insurer's crucial financial strength rating.