MBIA says it has $30.6B exposure to CDOs


MBIA says it has $30.6B exposure to CDOs

NEW YORK (Reuters)?MBIA Inc., the world’s largest bond insurer, said it has exposure to $30.6 billion in complex mortgage securities that it insures, an amount that eclipses its entire net worth. MBIA’S stock plunged by 27% on Thursday, bringing its total decline for the year to more than 70%. MBIA…

You might be interested in these entries too:

MBIA, RSA unit settle dispute

NEW YORK (Reuters)—MBIA Inc., the world's largest bond insurer, said its insurance subsidiary has settled a lawsuit with a unit of Royal & Sun Alliance Insurance Group P.L.C. MBIA said...

Warburg Pincus to invest $1 billion in MBIA

NEW YORK (Reuters)??Buyout firm Warburg Pincus has agreed to invest $1 billion in MBIA Inc., bolstering the finances of the world's largest bond insurer amid concern about its ability to...

Responses to 'MBIA says it has $30.6B exposure to CDOs'


  1. No Comments

Leave a Reply





eXTReMe Tracker