Search Results

Bond insurer MBIA Inc said on Thursday that New York's decision to prevent it from making an interest payment on a series of notes does not mean it cannot meet its financial obligations.

A long-running legal dispute between Bank of America Corp. and insurer MBIA could be settled in early 2013 after recent maneuvers involving MBIA's bonds, analysts at research firm CreditSights wrote.

A long-running legal dispute between Bank of America Corp. and insurer MBIA could be settled in early 2013 after recent maneuvers involving MBIA's bonds, analysts at research firm CreditSights wrote.

The judge in a case over the restructuring of bond insurer MBIA said her decision was "getting there," but gave no further indication on when she would rule.

MBIA Inc shares rose nearly 9 percent on Monday after the bond insurer said it had changed the terms of some of its debt to avoid what it called a possible default.

Bond insurer MBIA appears to be in a fight for its life after Moodys downgraded the companys credit rating to speculative status.

MBIA Inc shares declined after Bank of America Corp offered to buy some of its bonds, which could thwart the insurer's effort to change their terms and avoid what it has called a possible default.

MBIA Inc shares declined after Bank of America Corp offered to buy some of its bonds, which could thwart the insurer's effort to change their terms and avoid what it has called a possible default.