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  1. FT Alphaville

    October 2, 2012

    The task force vs the banks (finally) (maybe)

    David Dayen of Firedoglake has a useful summary of the ways in which the New York Attorney General’s lawsuit against JP...

  2. March 18, 2012

    Goldman looks to monoline insurance move

    Goldman Sachs is considering offering so-called “monoline” insurance, as it explores new business areas ahead of incoming...

  1. February 18, 2011

    Punch lenders hold pub talks

    Representatives of lenders to Punch Taverns have held initial discussions with potential new operators for the company’s...

  2. February 15, 2011

    Public projects obscured by private finance

    Last week, the UK’s parliamentary public accounts committee published a damning critique of plans to widen the M25, London’s...

  3. FT Alphaville

    January 25, 2011

    A very messy Ambac lawsuit for JPMorgan

    JPMorgan didn’t want this to be made public. You can kind of see why. Quick background — the bank has been engaged in a...

  4. December 1, 2010

    Demands to buy back loans ‘tip of iceberg’

    Investor demands for banks such as Bank of America and JPMorgan to buy back billions of dollars of soured mortgages are only...

  5. FT Alphaville

    November 9, 2010

    Ambac files for bankruptcy

    Ambac Financial Group, the troubled US bond insurer, filed for bankruptcy protection on Monday after seeking to negotiate a...

  6. November 1, 2010

    Ambac warns over prospect of bankruptcy

    Ambac, the US bond insurer that once provided triple A guarantees on hundreds of billions of dollars worth of debt, said on...

  7. October 7, 2010

    Lehman settles $6.1bn Ambac dispute

    The estate of Lehman Brothers, the bankrupt investment bank, has settled a $6.1bn dispute with a unit of Ambac Assurance,...

  8. FT Alphaville

    August 31, 2010

    Hedge funds set to sue Ambac

    A group of hedge funds and investment firms that hold debt insured by a business of Ambac Financial Group sought in a US...

  9. June 21, 2010

    More turmoil looms in CDO market

    The recent cancellation of monoline insurance contracts on $16bn of collateralised debt obligations backed by subprime...

  10. June 20, 2010

    More turmoil looms in CDO market

    The recent cancellation of so-called monoline insurance contracts on $16bn of collateralised debt obligations backed by...

  11. June 9, 2010

    Munis Ambacked into corner

    Ambac, the US company that started the municipal bond insurance business in 1971, may soon put another nail in the...

  12. June 9, 2010

    Ambac warns of potential loan default

    NEW YORK, June 8 – Ambac, the bond insurer whose toxic assets were seized by Wisconsin state regulators in March, said it...

  13. April 19, 2010

    Regulator's move risks opening floodgates for subprime lawsuits

    The Securities and Exchange Commission's charges of fraud against Goldman Sachs could prompt a fresh wave of lawsuits by...

  14. FT Alphaville

    March 30, 2010

    Bond insurer blow-up fallout, Las Vegas Monorail edition

    Some excellent reporting from Bloomberg on the side effects of Ambac’s part-seizure by its regulator – and for once, for the...

  15. FT Alphaville

    March 26, 2010

    It's official: Ambac's CDS triggered

    It’s the event Ambac thought would never, ever come: The International Swaps and Derivatives Association, Inc....

  16. March 26, 2010

    Regulators move in on troubled Ambac

    Ambac, the bond insurer that once provided triple A guarantees on hundreds of billions of dollars worth of debt, has had its...

  17. March 25, 2010

    Regulators move in on troubled Ambac

    Ambac, the bond insurer that once provided triple A guarantees on hundreds of billions of dollars worth of debt, has had its...

  18. FT Alphaville

    March 25, 2010

    Ambac's regulator moves in, CDS likely triggered

    Ambac’s shares tumbled more than 20 per cent in mid-morning trade in New York on Thursday, after its regulator moved to take...

  19. March 4, 2010

    MBIA keen to get back into the bond insurance arena

    MBIA, once the biggest bond insurer, has not given up on trying to re-enter the business it once dominated. Insuring debt...

  20. Money Supply

    February 11, 2010

    Delicious Greek ironies

    Three wonderful ironies stand out from the tentative eurozone plan to back Greece in its hour of need. The Eurogroup’s...

  21. January 14, 2010

    It paid not to have a dodgy haircut

    Just over a year ago, a senior banker who is normally an ardent fan of complex finance sent me an e-mail tagged "wow "No...

  22. January 13, 2010

    Global Insight: Still bristling over AIG haircut

    Just over a year ago, a senior banker who is normally an ardent fan of complex finance sent me an e-mail tagged “wow!”. “No...

  23. FT Alphaville

    November 25, 2009

    Bond insurer death watch, FGIC edition

    According to the investor relations section of the website of FGIC, the bond insurer part-owned by PMI Group and Blackstone:...

  24. FT Alphaville

    November 19, 2009

    Ambac attack!

    On Wednesday bond insurer Ambac stunned investors with what looked like good news. Ambac Assurance Corp., the main operating...

  25. November 19, 2009

    Ambac surge fails to offset housing setback

    A rally among bond insurers was not enough to lift Wall Street out of the red in early trading yesterday after the release...

  26. November 19, 2009

    Ambac's rally notenough to counterhousing data setback

    A rally among bond insurers was not enough to lift Wall Street out of the red yesterday after the release of disappointing...

  27. November 18, 2009

    Wall Street slumps after disappointing data

    A rally among bond insurers was not enough to lift Wall Street out of the red on Wednesday after the release of...

  28. FT Alphaville

    November 11, 2009

    Ambac shares plunge on fears

    Shares of US bond insurer Ambac Financial sank 33% on Tuesday after the company warned it may be forced to seek bankruptcy...

  29. FT Alphaville

    November 10, 2009

    Ambac warns of bankruptcy risk

    The train wreck that is the bond insurance industry always provides interesting headlines. MBIA, once the sector’s leading...

  30. August 8, 2009

    Ambac given green light to tap assets

    Ambac Financial, the troubled US bond insurer, yesterday said it had been given clearance to tap its reserves to avoid...

  31. July 31, 2009

    Muni bonds lose ratings after Ambac junked

    Thousands of municipal bonds have lost their ratings and others have been downgraded after Standard & Poor’s this week...

  32. FT Alphaville

    July 28, 2009

    Ambac clings to life (updated)

    RBS analyst Tom Jenkins described Ambac as being “on life support” in a note on Tuesday; FT Alphaville tends to agree. The...

  33. FT Alphaville

    June 17, 2009

    Takefuji in Ambac talks after downgrade

    Takefuji has entered talks with bond insurance group Ambac after S&P downgraded its credit rating to junk, triggering...

  34. June 17, 2009

    Takefuji downgrade spurs Ambac talks

    Takefuji has entered talks with bond insurance group Ambac after its credit rating was downgraded to junk by Standard &...

  35. May 18, 2009

    Correction: Ambac

    * A pie chart accompanying an article about bond insurers published on May 14 showing total guarantee exposures outstanding...

  36. May 14, 2009

    Solvency concerns swirl around bond insurers

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

  37. May 13, 2009

    Solvency concerns swirl around bond insurers

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

  38. FT Alphaville

    May 12, 2009

    Ambac to file against banks

    Ambac, the bond insurer whose finances have been hit by guarantees on billions of dollars of securities linked to risky...

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