Ambac Posts First Loss as Subprime Bond Prices Drop (Update3) (Bloomberg.com)

Story date: 2007-10-24 08:25:07
Added on: 2007-10-24 22:48:10

Oct. 24 (Bloomberg) -- Ambac Financial Group Inc., the world's second-largest bond insurer, reported its first quarterly loss after reducing the value of subprime mortgage-linked securities the company guarantees by $743 million.


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