Mbia - Latest Popular Stories, Instablogs Community

MBIA slides to huge 1Q loss on hefty charges

AP — Mon, 12 May 2008 11:03:20 +0000

MBIA is posting a large first-quarter loss, as the struggling bond insurer took heavy charges to write down the value of certain liabilities amid continued deterioration in the credit...

MBIA Unveils Plans to Protect Ratings

AP — Wed, 09 Jan 2008 16:25:17 +0000

MBIA Inc. plans to book more than $4 billion 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...

Credit Crisis Hits Top Bond Insurer

AP — Thu, 20 Dec 2007 22:00:32 +0000

The credit crisis spread to the nation’s largest bond insurer Thursday, sending shares of MBIA Inc. plunging and calling into question the safety of tens of billions of dollars of company and local government debt held by...

MBIA to Get $1 Billion Capital Infusion

AP — Mon, 10 Dec 2007 17:39:15 +0000

Bond insurer MBIA Inc. said Monday it will receive a cash infusion of up to $1 billion from private equity firm Warburg Pincus to help bolster its capital reserves as it braces for mounting losses and writedowns in the fourth...

US sub-prime losses to pull down Bond Insurers' Ratings

Arpita Mukherjee — Thu, 06 Dec 2007 07:02:08 +0000

The sub-prime loss is all set to plunge the US economy to its worst ever crisis. In a latest review conducted by the ratings agency, Moody, the Wall Street banks have suffered a combined loss of about $110 billion on bonds backed by...