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 Search Score: 6/10
Source: uk.eurosport.yahoo.com --- 31 days ago
Rennes midfielder Stephane MBIA has revealed that Arsenal failed with a late bid to sign him during the summer transfer window.The Cameroon international was the subject of Everton interest over the summer, but his French club refused to let him leave. ... Source: news.bbc.co.uk --- 30 days ago
Cameroon's Stephane MBIA signs an improved contract with French side Rennes until the end of the season ... Source: money.cnn.com --- 18 days ago
Read full story for latest details. ... Source: www.moreover.com --- 18 days ago
Goldman Sachs Group (GS) is to become a bank holding company, regulated by the Federal Reserve. Morgan Stanley (MS) is to become a bank holding company. ... Source: www.moreover.com --- 22 days ago
Companies seeing a skew towards puts in the previous session: Wells Fargo & Co (WFC), Genentech (DNA), Nortel Networks (NT), J.P. Morgan Chase & Co. (JPM), Wachovia (WB), QUALCOMM Incorporated (QCOM), Potash Corp. ... Source: www.forbes.com --- 29 days ago
The bond insurer has been slammed but looks like a worthy speculation in this maelstrom of a market. ... Source: www.marketwatch.com --- 20 days ago
Ambac Financial and MBIA Inc. shares tumble after Moody's Investors Service warns it may downgrade the beleaguered bond insurers again. ... Source: www.ft.com --- 8 days ago
MBIA Insurance is suing Countrywide Financial, alleging that the mortgage lender fraudulently induced MBIA to guarantee billions of dollars of Countrywide mortgage bonds that have cost the embattled bond insurer more than $459m ... Source: www.businesswire.com --- 9 days ago
ARMONK, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE: MBI) today announced the closing of the previously announced reinsurance transaction between its insurance subsidiary, MBIA Insurance ... Source: www.teamtalk.com --- 31 days ago
Stephane MBIA has agreed to stay at Rennes until the end of the season on the proviso he is allowed to leave the club next summer. ... Source: www.businesswire.com --- 11 days ago
CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting ... Source: www.businesswire.com --- 29 days ago
ARMONK, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE: MBI) today announced that David M. Moffett has resigned from MBIA’s Board of Directors following his ... Source: cnbc.com --- 21 days ago
... Source: www.moreover.com --- 22 days ago
Schaeffers Research Sep 18 2008 1:43PM GMT ... Source: seekingalpha.com --- 17 days ago
Tom Armistead submits: Moody's recently announced that it is placing the ratings of Ambac (ABK) and MBIA (MBI) on review for possible downgrade. I was disappointed but hardly surprised, given Moody's history of constantly moving the goalposts. This article provides a brief critique of Moody's action and the rationale behind it, followed by a discussion of the probable and possible extent of the economic damage to MBIA, Ambac, and the municipal bond market. Finally, I update my investment thesis and tactics on my holdings in the two companies. Moody's action – the rationale behind the review lies in Moody's increased estimates of cumulative loss rates on 2006 sup-prime first lien mortgages. These have been raised from 14-18% to 22%. The corresponding stress case estimates are now in excess of 30%. Moody's expects these changed assumptions to have a significant impact on the firms' capital positions and states that multiple notch downgrades are possible. Complete Story » ... Source: seekingalpha.com --- 7 days ago
Tom Armistead submits: Yesterday MBIA (MBI) sued Countrywide, now part of Bank of America (BAC), alleging fraud, misrepresentation and breach of contract in connection with over 14 billion worth of MBS-containing Countrywide mortgages and insured by MBIA. MBIA has already incurred $459 million in losses. This is the beginning of what may be a long battle by the bond insurers MBIA and Ambac (ABK) to recover part of their losses from those responsible, a process they refer to as remediation. Both companies have stated that they expect material/substantial recoveries due to misrepresentations and breaches of warranty with respect to securities that they have insured. Complete Story » ... Source: seekingalpha.com --- 4 days ago
Tom Armistead submits: What are the potential effects of TARP on Ambac (ABK) and MBIA (MBI)? By way of preface, I have a strong set of opinions on the legislation: but, rather than add my voice to the clamor of comment by numerous better placed and more capable pundits, I feel it will be more constructive to focus my effort on two companies where I have large long positions and a good deal of background knowledge. I intend to write about the stocks, adding explanations of the legislation and my views on its implementation where relevant. MBIA and Ambac, while frequently discussed together, are not the Bobbsey Twins and I will differentiate where appropriate. Effect of Market Actions – such as reverse auctions on specific classes of assets. In common with all holders of such assets, MBIA and especially Ambac would benefit from any increase in market prices for MBS. Ambac has a large exposure to undervalued MBS in its asset management business – the danger of downgrade-induced collateral postings and redemptions makes them a liquidity accident waiting to happen. An improvement in asset prices would materially reduce this exposure. Complete Story » ... Source: clientportal.ibb.ubs.com --- 21 days ago
This document is related to the following: Regions Global Americas United States North America Sectors Global Insurance, Property & Casualty Global Financial Global Insurance US Insurance, Property & Casualty Americas Insurance, Property & Casualty Americas Financial Americas Insurance US Financial US Insurance North American Financial North American Insurance, Property & Casualty North American Insurance Companies MBI.N MBIA Inc. Subjects Company Update Morning Note ...
Source: clientportal.ibb.ubs.com --- 25 days ago
This document is related to the following: Regions Global Americas United States North America Sectors Global Insurance, Property & Casualty Global Financial Global Insurance US Insurance, Property & Casualty Americas Insurance, Property & Casualty Americas Financial Americas Insurance US Financial US Insurance North American Financial North American Insurance, Property & Casualty North American Insurance Companies MBI.N MBIA Inc. Subjects Company Update Morning Note ... Find more results for MBIA on RSSMicro.com |
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Ockham Research submits: Okay, we don’t want to get out over our skis, but MBIA (MBI) has shown some strength recently (up over 100% in the last 13 weeks). Naturally, knowing the history here, one may not be jumping up and down for joy yet ( review our comments from January on MBIA ). But some recent developments have continued to make MBIA an interesting pick for the longer term. Not to mention that Goldman Sachs just dropped coverage of ratings and price targets on MBIA last week in light of the pending FGIC banking transaction. Goldman is advising on the transaction for FGIC in which MBIA will take control of insuring nearly $184 billion in municipal debt. As we commented back in January, even with a positive rating in our value focused methodology, we continued to be very cautious with these monoline insurers. Funny how a disciplined approach (even in the worst of times) can sometimes make one look as though they are in fact daring and risk prone in their investments. What’s even better is when the management of these companies can really pull off improvement. But as we like to say, “management will manage” and investors must give them a chance to work out their issues (or they’ll get fired). Complete Story » ...