Confusion over the fate of MBIA and Ambac, the
two biggest bond insurers, mounted yesterday after Ambac was forced to abandon a plan to raise $1bn in new equity capital, and both companies faced the threat of losing their crucial
By Saskia Scholtes in New York
Published: January 19 2008 02:00 | Last updated: January 19 2008 02:00
Confusion over the fate of MBIA and Ambac, the
two biggest bond insurers, mounted yesterday after Ambac was forced to abandon a plan to raise $1bn in new equity capital, and both companies faced the threat of losing their crucial