Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
The rate of home loans entering the foreclosure process was 0.83%, up from 0.54% a year ago.
Modifications to SEC's privacy regulations would allow departing brokers to take customer contact information with them.
Hedge fund assets grew by only 10% in the second half of the year, marking the smallest half-year increase since 2002.
Pay tax on such financial products, even though no payoff from such investments is assured, would unfairly limit trade of the financial products, according to the group.
Financial services have eliminated 22,056 jobs since New Year’s, according to Challenger Gray & Christmas.
The most significant increases in filings for the first two months of 2008 occurred in California, Maryland and Florida.
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
Federal Deposit Insurance Corporation chairperson Sheila Bair said most financial institutions remain well capitalized.
Manufacturing reports were down across the board with only St. Louis reporting a pickup in activity.
