UPDATE: French Owned Bond Insurer CIFG To Get Bailout
Story date: 2007-11-22 03:15:00
Added on: 2007-11-22 05:00:56
CNN Money - ... to a report in The Wall Street Journal, CIFG had direct exposure to residential mortgage-backed securities of $1.9 billion , most of which were backed by subprime mortgages, another $4 billion in CDOs that are backed by subprime mortgage loans and $1.4 ...
Read more...
Related Stories:
-
Bond insurer CIFG close to deal on derivatives - Reuters
NEW YORK, Sept 2 (Reuters) - CIFG Holding, a bond insurer hit by losses on guarantees it wrote on mortgage-backed securities, on...
2008-09-02 11:37:00 -
FGIC May Get Capital After Natixis Bond Insurance Unit Rescued (Bloomberg.com)
Nov. 23 (Bloomberg) -- Financial Guaranty Insurance Co., the insurer for $315 billion of bonds, may get the capital it needs to...
2007-11-22 10:57:51 -
French Banks Acquire Bond Insurance Company
New York Times - Just under half the securities backing those C.D.O.’s were backed by subprime mortgage loans. Most of the residential...
2007-11-22 04:37:00 -
French banks could use state funds for refinancing - Forbes
PARIS, Oct 14 (Reuters) - French banks could use a 40 billion euro ($55 billion) French state facility to refinance hybrid loans...
2008-10-14 10:39:00 -
Zurich Financial Largely Averts Subprime Damage
Wall Street Journal - It said its portfolio is predominantly invested in highly rated bonds with limited exposure to securities backed by...
2007-08-17 12:53:00 -
Ambac Reinsures $29 Billion Portfolio to Help Capital (Update1)
Bloomberg - Dec. 13 (Bloomberg) -- Ambac Financial Group Inc., the world's second-largest bond insurer, will pass off the risk of $29...
2007-12-13 08:05:00 -
French Stocks Rise, Led By Dexia, BNP Paribas, Credit Agricole
Bloomberg - Banks advanced after Moody's Investors Service said the amount of risk they have tied to subprime mortgages is ``manageable ......
2007-11-23 10:09:00 -
Bond giant's $8.1 billion surprise
CNN Money - MBIA, the country's largest bond insurer, revealed late Wednesday that the $8.1 billion is backed by collateral debt obligations...
2007-12-20 12:43:00