Ambac Will Cut Dividend, Raise $1 Billion in Capital (Update6)

Story date: 2008-01-16 01:30:00
Added on: 2008-01-16 13:50:23

Bloomberg - Ambac, the second-largest insurer of municipal and structured finance debt, fell the most ever on the New York Stock ... expanded away from their traditional municipal-bond businesses into guaranteeing securities linked to subprime mortgages that ...


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