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The comment by Rep. Paul Kanjorski, D-Pa.--who chairs the Capital Markets Subcommittee of the House Financial Services Committee--came as he released letters he sought from regulators explaining how

The comment by Rep. Paul Kanjorski, D-Pa., chairman of the Capital Markets Subcommittee of the House Financial Services Committee, came as he released letters he sought from regulators asking how the

New York-based Locke Lord Bissell & Liddell law firm said today it has formed a new unit to answer the needs of bond insurers needing guidance on the legal complexities associated with the collapse of

New York-based Locke Lord Bissell & Liddell law firm said today it has formed a new unit to answer the needs of bond insurers needing guidance on the legal complexities associated with the collapse of

On Tuesday he said his department was talking with banks, insurers, financial advisors, credit rating agencies, other state regulators, government officials, and other stakeholders about developing me

His statement came in the wake increasing bad news for three bond insurers last week. Fitch Ratings issued a financial strength downgrade of Ambac Assurance to "double-A" from "triple-A." Prior to tha

Standard & Poor's Ratings Service's findings came in an announcement that it has updated the results of its bond insurance stress test, originally published Dec. 19, to incorporate revised assumptions

Dutch financial services conglomerate ING said it is selling its reinsurance unit, NRG N.V., to Berkshire Hathaway for approximately 300 million euros--about $433 million at current exchange rates, whi