ABK
ABK Articles
Moody’s is affirming the current ratings and capital ratios at Ambac Financial Group, Inc. (NYSE: ABK), although there is not a downgrade being issued. Moody’s has noted that Ambac’s capital...
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Assured Guaranty Ltd. (NYSE: AGO) may not be the largest household name for a bond insurer or financial guarantor when you consider the woes of Ambac Financial (NYSE: ABK) and MBIA (NYSE: MBI). But...
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CNBC is reporting that ratings agencies want Ambac (NYSE: ABK) to raise more capital than it originally planned if it is to keep its credit rating. The shares are off 7% on the news. Douglas A....
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S&P reaffirmed the "AAA" ratings for both MBIA (NYSE: MBI) and Ambac (NYSE: ABK). S&P noted that MBIA was removed from CreditWatch and a negative outlook was assigned, meaning it is no...
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Ambac (NYSE: ABK), the down-on-its-luck muni-bond insurance company may get rescued by several large banks. If the reports are to be believed, Citigroup (NYSE: C), UBS (NYSE: UBS), and Wachovia...
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If there is one seer and age-old timeless veteran in value investing, it is M.J. Whitman. His Third Avenue Management, LLC has filed its 13F with the SEC and it shows he is still (or at least was)...
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The evidence comes in in pieces. One bit of bad news here and one there. Today, the FT reported that US banks had tapped the Fed’s Term Auction Facility for over $50 billion in the last few weeks....
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According to Reuters, Toshiba will drop its HD DVD format. Reuters reports that Blll Gates said Microsoft (MSFT) will target web search with or without Yahoo! (YHOO) Reuters writes that RIM (RIMM)...
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The US government bailed out Chrysler all the way back in 1979. Nothing quite like it as been seen since then, but the financial sector has not been in as much trouble for decades as it is now. Over...
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According to Reuters, China e-commerce company Alibaba will try to participate in the decision of the potential sale of Yahoo! (YHOO) to Microsoft (MSFT) Yahoo! owns 39% of Alibaba and there are some...
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According to The Wall Street Journal troubled British mortgage company Northern Rock wil be taken over by the British government. The newspaper writes "The U.K. Treasury has decided to nationalize...
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If muni-bond insurers like Amback (NYSE: ABK) and MBIA (NYSE:MBI) are forced to break into two pieces, some banks could be badly hurt. The halving of the firms would leave the muni piece of the...
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New York State Insurance Superintendent Eric Dinallo has come up with the lame-brained idea of taking bond insurers like MBIA (NYSE: MBI) and Ambac (NYSE: ABK) and "breaking them in half." According...
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Eliot Spitzer, former prosecutor and now governor of New York State, will ape comments made by Deutsche Bank (DB) Chief Executive Josef Ackermann. If bond insurers fail its will create a "financial...
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Eric Dinallo, New York State’s insurance regulator, is a clever devil. He has effectively pitted Warren Buffett against the nation’s biggest money center banks to see who will get the chance to...
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