Results for "bonds / fixed income"

Displaying 1,864 results

Sort: Date | Relevance


Treasury: Firms to roll out covered bonds

September 19, 2008

Brokerage firms are likely to be issuing new covered bonds to finance mortgages within the next few months, a Treasury official said today. “This is a tough environment to launch a new financial product,” said Neel Kashkari, assistant secretary...

MBIA reinsures troubled competitor's portfolio

August 28, 2008

New York-based MBIA Insurance Corp. will reinsure a $184 billion portfolio of bonds previously backed by the troubled Financial Guaranty Insurance Co., the firm announced yesterday. The insurance subsidiary of Armonk, N.Y.-based MBIA Inc. will...

Prudential agrees to settle with SEC

August 7, 2008

Prudential Financial Inc. yesterday agreed to settle allegations from the SEC that it used reinsurance contracts to overstate its income by more than $200 million. In U.S. District Court in Newark, N.J., the Securities and Exchange Commission...

Bond insurers try to erase insurance

June 23, 2008

Following a series of downgrades from ratings agencies, bond insurers are in talks with banks, looking to wipe away some $125 billion of insurance on debt securities, the Financial Times reported today. Insurers, including New York-based Financial...

MBIA and Ambac downgraded by S&P

June 5, 2008

MBIA Insurance Corp. and Ambac Assurance Corp., both of New York, had their financial strength ratings downgraded to AA by Standard and Poor's today. The bond insurers were also placed on CreditWatch with negative implications. Previously, both...

MBIA, Ambac Financial: Back to the trough?

April 24, 2008

MBIA Inc. and Ambac Financial Group Inc. could yet again be forced to raise additional capital, according to one analyst, as quarterly losses come in “significantly” higher than prior estimates, according to Crain's New York Business. The...

European bond insurer takes ratings hit

March 12, 2008

Bond insurers took a hit today as yet another major insurer was downgraded by Standard & Poor’s. CFIG, a privately held European insurer, was downgraded today to A+ from its former AAA rating, according to published reports. It was the latest...

Stocks soar on $200M Fed infusion

March 11, 2008

In an effort to provide liquidity to cash-strapped financial institutions, the Federal Reserve will lend up to $200 billion of treasury securities to bond dealers in exchange for collateral such as mortgage-backed securities. The securities...

Regional bond dealers band together

March 7, 2008

Regional bond dealers have a new trade organization. Fourteen bond dealers announced today that they have formed The Regional Bond Dealers Association, based in Alexandria, Va. The turmoil in the bond market was a “factor in wanting to put...

MBIA breaks ties with trade association

February 22, 2008

MBIA Inc. has pulled away from the Association of Financial Guaranty Insurers. The Armonk, N.Y.-based bond insurer said that it no longer shared the trade association’s view on the direction the bond insurance industry should take going forward....

MBIA blasts Ackerman's bond insurer plan

February 21, 2008

William Ackman, head of Pershing Square Capital Management LLC, has come up with a solution for the troubled bond insurers, but the plan is meeting with stiff opposition, according to published reports. The activist investor pitched his plan...

MBIA chief mulls business split

February 20, 2008

Joseph Brown, new chief executive of MBIA Inc., is thinking of splitting the bond insurer’s guarantee business to maintain the firm’s AAA credit ratings, according to Bloomberg. Mr. Brown, who was yesterday appointed to the helm of MBIA, told...

Credit Suisse to take $1 billion beating

February 19, 2008

Credit Suisse wrote down $2.85 billion in losses from subprime-related debt today, and said its first quarter earnings, which the banking giant is scheduled to report on April 24, should be lower by about $1 billion. The Zurich-based bank said...

Cantor pays for personnel raid

February 15, 2008

Raymond James & Associates Inc. at the end of last month won an arbitration claim of $1.75 million against Cantor Fitzgerald & Co., with Raymond James alleging that Cantor Fitzgerald had unlawfully raided personnel and business from Raymond...

FGIC plans new bond insurer

February 15, 2008

Financial Guaranty Insurance Co., the embattled bond insurer, wants to split itself into two companies, according to published reports. The company placed a request with the New York State Insurance Department to open a new bond insurance unit,...

Ambac, MBIA soars as bailout banks named

February 1, 2008

Shares of Ambac Financial Group Inc. and MBIA Inc. 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, according to Crain's...

Bond insurers could cost finance firms $75B

January 30, 2008

A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch & Co. and Citigroup Inc., as much as $75 billion, according to a report from Oppenheimer & Co. analyst Meredith Whitney, according to Crain's...

Franklin Templeton launches int'l bond fund

January 28, 2008

Franklin Templeton Investments, a subsidiary of Franklin Resources Inc., has launched the Templeton International Bond Fund for U.S. investors. The fund, which is offered by the Franklin Templeton Fixed Income Group, seeks to generate income...

Banks on the hook if muni bonds tank

January 25, 2008

Banks, still hurting from painful write-downs, may need to set aside $143 billion in reserves if municipal bonds wind up being downgraded, according Barclays Capital. If the bonds insured by Ambac Financial Group and MBIA Inc. are cut one level...

Massachusetts subpoenas MBIA and Ambac

January 24, 2008

William Galvin, secretary of the commonwealth of Massachusetts has subpoenaed bond insurers MBIA Inc. and Ambac Financial Group. The two bond insurers are now being investigated by state regulators. Mr. Galvin said that last week he had requested...

« Previous PageNext Page »

1 ... 89 | 90 | 91 | 92 | 93 | 94


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.