Ambac to stay whole as it waits for infusion
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
Ambac Financial Group Inc. has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash, according to the Financial Times.
A group of eight banks, including Citigroup and UBS, are planning to add at least $2 billion in capital to New York-based Ambac, insiders
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