- Notes that FGIC and MBIA both ahve subvstantial exposure to risk in mortgage industry

Other headlines for [MBI]

• RAMR Yesterday 09:45pm
  RAM Holdings Ltd. Announces Commutation of $10.6B Par MBIA Portfolio Including $6.8B Par of Structured Finance Transactions- The company has entered into a Commutation Agreement, effective November 30, 2008, to more...
  
• MBI 11/20/2008 05:20pm
  MBIA Inc Sold perpetual preferred stock - filing dated 11/17- On each of November 17, 2008 and November 19, 2008, MBIA Insurance Corporation, the insurance subsidiary of MBIA Inc., issued and sold more...
  
• ABK 11/19/2008 05:11pm
  Ambac Financial Group, Inc Commutes $3.5B of CDO exposure for a cash settlement of $1B- Ambac Financial Group, announced it has commuted two CDO of CDO of ABS (commonly referred to as CDO-squared) exposures and two high grade more...
  
• MBI 11/19/2008 03:02pm
  MBIA Inc S&P: AA rating unaffected by Q3 results
  
• ABK 11/19/2008 09:10am
  Ambac Financial Group, Inc S&P cuts assurance ratings to A from AA, senior debt rating cut to BBB from A; outlook negative
  

Financials sector headlines

• HBC Today 10:29am
  HSBC Holdings PLC Not aware of probe of offshore private banking unit; says in compliance with the law- States that it has not been contacted by an US authorities - Note: The DoJ has expanded its criminal probe into more...
  
• BP.IT Today 09:49am
  Banco Populare Scarl States that recent share preformance does not reflect true value; Maintains that group is solid- Selloff due to Italease cancellation and is only speculative in nature - Note: earlier in session more...
  
• Today 09:28am
  (GE) German Fin Min Steinbrueck: Concept of joint European bond issue is unacceptable- Expects to see new drraft on state aide by Dec 8 - Commerzbank example will motivate other German banks to more...
  
• FORB.BE Today 09:24am
  Shareholders in Brussels votes against Davignon appointment as Board Chariman, received 49.9% of vote- Shareholders vote for De Boeck as CEO (current CEO with 67.27% of vote) - Current board will more...
  
• GS Today 09:21am
  The Goldman Sachs Group Inc UBS analysts see firm experiencing greater mark-to-market losses, could amount to $4B