MBIA to pay $75M in finite settlement: Report


MBIA to pay $75M in finite settlement: Report

ARMONK, N.Y.—MBIA Inc. has agreed to pay $75 million to end regulatory probes into its accounting for finite reinsurance deals, a media report said Friday. Armonk, N.Y.-based MBIA’s settlement—which may be announced as soon as Jan. 29—was reached jointly with the Securities and Exchange Commission,...

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