News: MBIA Inc (MBI.N)

MBI.N on New York Stock Exchange

14.57USD
24 May 2013
Price Change (% chg)

$-0.23 (-1.55%)
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$14.80
Open
$14.61
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$14.71
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$14.50
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$16.14
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Thu, May 23 2013

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Ally settlement may be a boon for ResCap bondholders

NEW YORK - While bond insurers MBIA Inc and FGIC Corp receive the lion's share of Ally Financial Inc's $2.1 billion contribution to the debts of mortgage lender Residential Capital LLC, hedge funds like Paulson & Co may have obtained a better deal.

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UPDATE 2-Ally to pay $2.1 bln to settle claims tied to ResCap

* RMBS investors' claims reduced to $7.3 bln from $8.7 bln

BRIEF-Residential capital llc asks US bankruptcy court to approve Ally settlement

May 23 - Ally Financial Inc: * Residential capital llc asks US bankruptcy court to approve settlement with

UPDATE 1-S&P ups National Public Finance financial strength rating

May 10 - Standard & Poor's Ratings Services on Friday raised National Public Finance Guarantee Corp's financial strength rating to A from BBB and removed the rating from CreditWatch Positive.

UPDATE 2-Greenlight Capital exits "profitable" MBIA short -letter

NEW YORK, May 9 - Greenlight Capital's David Einhorn told his investors that the hedge fund closed its longstanding "short" position in bond insurer MBIA Inc. in the first quarter.

Greenlight Capital exits "profitable" MBIA short: letter

NEW YORK - Greenlight Capital's David Einhorn told his investors that the hedge fund closed its longstanding "short" position in bond insurer MBIA Inc. in the first quarter.

Greenlight Capital exits "profitable" MBIA short -letter

NEW YORK, May 9 - Greenlight Capital's David Einhorn told his investors that the hedge fund closed its longstanding "short" position in bond insurer MBIA Inc. in the first quarter.

UPDATE 1-S&P upgrades National Public Finance, says may get A rating

May 8 - Following a cash settlement between MBIA Inc and Bank of America, Standard & Poor's Rating upgraded on Wednesday the financial strength ratings of MBIA Insurance Corp and National Public Finance Guarantee.

MBIA settles with Societe Generale for $350 million

NEW YORK - MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, a person familiar with the case told Reuters on Wednesday.

UPDATE 2-MBIA settles with Societe Generale for $350 million

NEW YORK, May 8 - MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, a person familiar with the case told Reuters on Wednesday.

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