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Standard & Poor's Ratings Services on Wednesday raised the financial strength ratings of MBIA Insurance Corp and National Public Finance Guarantee Corp adding it may upgrade them further.

MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, according to a person familiar with the case.

MBIA Inc agreed to pay Societe Generale $350 million to settle litigation over the bond insurer's restructuring, according to a person familiar with the case.

Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday.

Goldman Sachs Group Inc must face fraud claims brought by CIFG Assurance North America over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday.

American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.

American International Group Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities.

Bond insurer MBIA Inc and Bank of America Corp have reached a settlement in an ongoing legal dispute, and BofA will pay MBIA $1.6 billion, sources familiar with the matter said on Monday.