Financial Times FT.com

Monolines

Solvency concerns swirl around bond insurers

By Aline van Duyn in New York

Published: May 13 2009 20:04 | Last updated: May 13 2009 23:11

Three weeks ago, Wells Fargo filed a notice that it had failed to receive $5.5m of insurance payments.

Payment failures are, of course, an increasingly common feature in the debt markets and this amount is relatively small. This one was significant, though, because the offending party was a bond insurer.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this