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Assured Guaranty Ltd

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  • *Former bankruptcy judge: Puerto Rico "urgently needs our help". Steven Rhodes, the retired U.S. bankruptcy judge who oversaw Detroit's historic bankruptcy and has now been retained by Puerto Rico to help solve its problems, gave a blunt assessment on Monday. Puerto Rico "urgently needs our help," Rhodes said.

  • NEW YORK, June 29- Puerto Rico is "insolvent" and will soon run out of cash, according to a newly appointed adviser to the commonwealth who was the judge who oversaw the historic bankruptcy of Detroit. The U.S. territory's future hinges on gaining eligibility for debt restructuring under the U.S. bankruptcy code, a process it does not currently have access to, said...

  • *Greece will not pay IMF on Tuesday: Govt official. *Euro STOXX 50 index- biggest one-day fall since 2011. And Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.

  • *Greece will not pay IMF on Tuesday: Govt official. *Euro STOXX 50 index- biggest one-day fall since 2011. Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday.

  • NEW YORK, June 29- Puerto Rico's governor, following a damning report by former IMF staffers about the U.S. Governor Alejandro Garcia Padilla said on Monday that over the next week, leaders would host meetings and briefings and tell citizens the steps the Commonwealth is taking to address Puerto Rico's problems. The report, made available late Sunday, said Puerto...

  • *Euro STOXX 50 index- biggest one-day fall since 2011. June 29- U.S. stocks extended their losses in heavy trading on Monday, adding to a global selloff, after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone. In Europe, the blue-chip Euro STOXX 50 index suffered its biggest one-day fall since 2011..

  • NEW YORK— Shares of bond insurers tumbled Monday after Puerto Rico's governor said the U.S. territory had little hope of paying its $72 billion debt. Puerto Rico's bonds are popular with U.S. mutual funds because they are tax-free, but hedge funds and distressed-debt buyers began stepping in to buy up debt as the island's economy worsened and its credit rating...

  • *Nine of 10 S&P sectors in the red. June 29- Most U.S. stocks fell on Monday after Greek bailout talks collapsed, intensifying fears that the country could be the first to exit the euro zone. The European Central Bank froze funding to Greek banks, forcing Athens to shut banks for a week to keep them from collapsing.

  • NEW YORK, June 29- Puerto Rico's governor on Monday said "difficult decisions" must be made after a damning report by former IMF staffers proposed debt restructuring and tough austerity measures for the crisis-hit island, which is struggling with $73 billion of debt. Puerto Rico's benchmark general obligation bonds that carry an 8 percent coupon and mature in...

  • The S&P 500 and the Nasdaq Composite fell around 0.7 percent as markets around the world slumped on fears that other European countries would suffer if Greece defaults. The European Central Bank froze funding to Greek banks, forcing Athens to shut banks for a week to keep them from collapsing. said Leo Grohowski, who oversees about $194 billion in client assets...

  • "Everything that touches Puerto Rico, the debt, the monolines, the banks, will all sell off pretty aggressively," said Daniel Hanson, analyst at Height Securities. Assured Guaranty shares fell 19.8 percent while MBIA Inc fell 6.7 percent. Assured Guaranty said it insured over $6 billion in par value of Puerto Rico bonds as of the end of March.

  • NEW YORK, June 26- Puerto Rico's distressed power authority PREPA and its creditors have been discussing a deal for the utility to avoid a potential default next week as a $400 million payment deadline looms, a source familiar with the talks said on Friday. Talks are at crunch point, with PREPA facing a July 1 interest payment. To buy time, the two sides have been...

  • NEW YORK, June 23- Puerto Rico's distressed power authority, PREPA, will meet in New York on Thursday with its creditors, which have offered a new debt restructuring plan in response to a PREPA proposal earlier this month, three people familiar with the talks told Reuters. Restructuring talks are in crunch time, with PREPA facing a July 1 interest payment it has said...

  • SAN JUAN, Jan 28- Puerto Rico is negotiating with at least two bond insurers to insure around $500 million of a planned $2 billion bond issue, which would extend the appeal of the sale beyond the hedge funds currently buying the U.S. commonwealth's debt, according to two sources close to the process. The island's Government Development Bank is in talks with MBIA's...

  • Midday movers: Hertz, Ocwen, Coca-Cola & more Tuesday, 23 Dec 2014 | 12:57 PM ET

    Some of Tuesday's midday movers:

  • Credit Suisse, Assured Guaranty settle US lawsuit Thursday, 27 Nov 2014 | 3:48 AM ET
    Credit Suisse private banking

    Credit Suisse has reached a confidential settlement with Assured Guaranty.

  • Your first trade for Friday Thursday, 16 Oct 2014 | 6:03 PM ET
    Fast Money Final Trade: FXC, EWZ, M, TLT

    The "Fast Money" traders share their final trades of the day.

  • Bond insurers tap advisers for Puerto Rico debt Tuesday, 8 Jul 2014 | 12:24 PM ET
    Public water utility workers fix a pipe in Old San Juan. The island-territory of the United States is on the brink of a debt crisis as lending has skyrocketed in the last decade with the government issuing municipal bonds mostly to finance pensions.

    A pair of big bond insurers with more than $10 billion of exposure to Puerto Rican debt have hired restructuring advisers.

  • Mutual funds sue Puerto Rico on bankruptcy worries Monday, 30 Jun 2014 | 1:15 PM ET
    A roofless colonial building is overtaken by vegetation in Old San Juan, Puerto Rico.

    Mutual funds that hold municipal bonds in Puerto Rico are suing the commonwealth over its newly passed law dealing with bankruptcy.

  • Detroit passes key milestone with insurer deal Wednesday, 9 Apr 2014 | 11:51 AM ET
    A file photo of downtown Detroit

    Detroit has reached a settlement with bond insurers over treatment of the city's bankruptcy debt, emergency manager Kevyn Orr told CNBC.