Ambac Financial Group
Company
Ambac Chief Financial Officer Sean Leonard resigns...to the company. Those who worked under Leonard will report to CEO David Wallis until a replacement is found, Ambac said. An Ambac representative did not immediately return a call for further comment. Shares of Ambac fell 9 cents, or... In this article: Ambac, NEW YORK, Bankruptcy, and Securities and Exchange Commission |
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Reuters | 5 days ago
UPDATE 1-Ambac says CFO Leonard resigns, shrs fall
* Ambac says Leonard leaving to pursue other opportunities * Shares down 10 pct Ambac Financial Group <ABK.N> said Chief Financial Officer Sean Leonard resigned effective Tuesday, sending shares shares of the financially troubled bond...
In this article: MBIA Inc, New York Stock Exchange, and New York
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washingtonpost.com | November 18, 2009
Ambac capital exceeds required minimum
...Exchange and were a penny higher in late trading after Standard & Poor's said it could raise some ratings. Ambac said statutory capital for Ambac Assurance Corp was $856 million. That is many times more than the minimum capital base of $2...
In this article: Ambac, Standard & Poor's, Derivative, Credit default swaps, Tax, Bankruptcy, MBIA Inc, and New York Stock Exchange
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MarketWatch | November 18, 2009
Ambac surges after big boost to its reserves
...a statutory surplus that helped ease concerns about the insurer's immediate future. Ambac /quotes/comstock/13*!abk/quotes/nls/abk (ABK 1.01, +0.31, +44.29%) said Ambac Assurance Corp., its main operating subsidiary, reported a...
In this article: Ambac, Derivative, Tax, and Wisconsin
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Reuters | November 18, 2009
UPDATE 3-Ambac capital exceeds required minimum; shares up
...new legislation. This should give AAC's regulatory capital a boost in the fourth quarter, said Ambac. Like larger rival MBIA Inc <MBI.N>, Ambac has struggled to write new business since it lost top-notch credit ratings last year and has...
In this article: Ambac, Derivative, Credit default swaps, Tax, Bankruptcy, MBIA Inc, and U.S. Securities and Exchange Commission
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Reuters | 5 days ago
NY Insurance regulator tells FGIC not to pay claims
...violation of the state's minimum capital requirements, the company said. FGIC, a smaller rival to bond insurers Ambac Financial Group <ABK.N> and MBIA Inc <MBI.N>, said it would cease to make the payments, as ordered. The order comes four...
In this article: MBIA Inc, New York, and Blackstone Group LP
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Prime Newswire | November 06, 2009
Trading Outlook for Ambac Financial Group Inc. Issued by InvestorSoup.com
DALLAS, Nov. 6, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Ambac Financial Group Inc. (NYSE:ABK). The report includes financial and investment analysis, analyst consensus, and pertinent industry...
In this article: ABK, Lien, MBIA Inc., Twitter, AXA, American International Group Inc., and Wall Street
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WSJ.com: Markets | 4 days ago
Borders Slides; Cracker Barrel Gains
...latest in a series of moves to increase its liquidity. Shares of the Tempe, Ariz., airline climbed 20 cents, or 6.5%, to 3.30. Ambac Financial Group (NYSE) declined 4 cents, or 4.4%, to 86 cents after the New York bond insurer said Chief...
In this article: NYSE, Revenue, Borders Group, Cracker Barrel, Barnes & Noble, Pew Research Center, New York, Fiscal year, Haynes International, and Iowa Telecommunications Services
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washingtonpost.com | November 18, 2009
US-BUSINESS Summary
...rose 4.3 percent in after-hours trading. Ambac capital exceeds required minimum NEW YORK (Reuters) - Ambac Financial Group Inc <ABK.N> said on Wednesday that the statutory capital of its main unit was well above a regulatory minimum at...
In this article: Hershey Co, U.S., Revenue, Ferrero, Kenneth Griffin, Ambac, Sony, Blackstone Group, and NetApp
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Description from Wikipedia:
The Ambac Financial Group, Inc., generally known as Ambac, (NYSE: ABK) is an American holding company whose subsidiaries provide financial guarantee products, such as bond insurance and other financial services to clients in both the public and private sectors around the world. Ambac is regulated by the insurance commission of Wisconsin. Through its financial services subsidiaries, the company provides investment agreements, interest rate swaps, investment advisory and cash management services, primarily to states, municipalities and their authorities.
- Name:
- Ambac Financial Group, Inc.
- Type:
- Public (NYSE: ABK)
- Location:
- One State Street Plaza, New York City, USA
- Founded:
- New York City, USA (1971)
- Stock Symbol:
- ABK
- Industry:
- Financial services
- Key People:
- David Wallis, CEO
- Revenue:
- US $6.25 billion (2007)
- No. of Employees:
- 367
- Motto:
- Financial Peace of Mind
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