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New York States Department of Insurance has filed its rehabilitation plan for Financial Guaranty Insurance Company, outlining how payments will be made in cash to claimants as available funds allow.

A unit of insurer MBIA Inc challenged Stockton, Calif.'s eligibility for bankruptcy, saying the city had not negotiated with creditors in good faith and had given preferential treatment to the California Public Employees' Retirement System.

A unit of insurer MBIA Inc challenged Stockton, Calif.'s eligibility for bankruptcy, saying the city had not negotiated with creditors in good faith and had given preferential treatment to the California Public Employees' Retirement System.

Bank of America Corp has agreed to pay $375 million to settle a case brought by bond insurer Syncora Guarantee over toxic mortgage-backed securities at the center of the 2008 financial crisis.

National Public Finance Guarantee Corp. says it has $33 million in municipal bond exposure to the city of San Bernardino, Calif., as the city becomes the third in the state this year to file for bankruptcy protection.

National Public Finance Guarantee Corp. says it has $33 million in municipal bond exposure to the city of San Bernardino, Calif., as the city becomes the third in the state this year to file for bankruptcy protection.

About half of the $700 million of debt issued by bankrupt Stockton, California, is insured and a few traders have carried on some speculative purchases of its bonds, investors said on Thursday.

About half of the $700 million of debt issued by bankrupt Stockton, California, is insured and a few traders have carried on some speculative purchases of its bonds, investors said on Thursday.