"I would say, by any common-sense definition, we are in a recession," said Warren Buffett, CEO of Berkshire Hathaway.
The process could come to a favorable conclusion for the bond insurer early this week.
MBIA has pulled away from the Association of Financial Guaranty Insurers, saying it no longer shared the trade association’s views.
The New York State Insurance Department also reproached the plan, arguing that it would be “bad for the banks.”
Warren Buffett faced is facing criticism after Moody’s Investors Service — in which he is the largest stakeholder —told bond insurers to accept a bailout.
Academics pin the mortgage crisis on lenient lending criteria.
Leadership change reflects problems at the company due to subprime mortgages.
First-quarter results will suffer from subprime-related trading losses.
Despite economic concerns, the central bank keeps interest rates unchanged.
Raymond James has won a $1.75 million arbitration claim against Cantor Fitzgerald.
MSRB seeks comments on whether more information about municipals should be disclosed.
Warren Buffett has made an offer to three large municipal bond insurers to reinsure $800 billion in municipal bonds.
Regulators flooded Rep. Paul E. Kanjorski, D-Pa., with their and assessments of the ongoing municipal bond insurer debacle.
Shares of Ambac and MBIA rose after CNBC reported the names of eight banks that have banded together with the New York state Insurance Department to rescue the beleaguered bond insurance industry.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
When projects went into default or were failing, Heartland didn't accurately re-price the funds, the SEC said.
The fund, which is offered by the Franklin Templeton Fixed Income Group, seeks to generate income by investing in foreign fixed income markets.
Banks could be obliged to to set aside $143 billion in reserves if municipal bonds are downgraded, a report says.
