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Assured Guaranty Ltd

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  • Nov 26- Credit Suisse Group AG has reached a confidential settlement with Assured Guaranty Ltd on claims related to what the insurer said were defective loans underlying mortgage-backed securities, court documents showed. Assured Guaranty said it had filed to dismiss its lawsuit against Credit Suisse, according to a statement on its website.

  • Aug 12- A federal judge could once again push back the start date for the trial on Detroit's exit from the largest municipal bankruptcy in U.S. history after some creditors said on Tuesday a possible settlement is snarling key components of the restructuring plan.

  • July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.

  • June 30- Puerto Rico's troubles continued to worsen on Monday after mutual funds holding about $1.7 billion in its debt sued the commonwealth while other investors sold the bonds on concerns the island's finances could deteriorate further.

  • June 30- U.S. mutual funds holding about $1.7 billion in Puerto Rico debt have sued the cash-strapped commonwealth, accusing it of passing a law modeled after the U.S. bankruptcy code that could undermine the rights of American investors.

  • 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.

  • For BofA, billions more in legal costs from crisis Tuesday, 10 Dec 2013 | 12:51 PM ET
    Brian Moynihan, CEO of Bank of America

    CEO Brian Moynihan said the bank faces up to an additional $9 billion in costs related to the financial crisis and mortgages beyond its reserves.

  • After Hours Buzz: News Corp, Hologic & more Monday, 11 Nov 2013 | 4:30 PM ET

    Companies making headlines after the bell Monday:

  • Your first trade for Tuesday Monday, 28 Oct 2013 | 1:45 PM ET

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

  • How your city might pay for Detroit's money mess Tuesday, 23 Jul 2013 | 1:45 PM ET
    A pedestrian walks by graffiti in downtown Detroit. Detroit became the largest city in U.S. history to file for bankruptcy when State-appointed emergency manager Kevyn Orr asked a federal judge for municipal bankruptcy protection.

    If Detroit gets its way in bankruptcy court, the cost of borrowing for cities and states could spike, the CEO of bond insurer Assured Guaranty warns on CNBC.

  • Assured Guaranty's Detroit exposure  Tuesday, 23 Jul 2013 | 7:31 AM ET

    Dominic Frederico, CEO, Assured Guaranty Ltd., talks about his company's exposure in light of Detroit's bankruptcy. The solution has to involve growth, at some level, says Frederico. With Wilbur Ross.

  • Detroit's 'name is mud' but fallout likely limited Friday, 19 Jul 2013 | 1:06 PM ET
    Detroit street scene

    Detroit has become a pariah of the muni world, but analysts are holding out hope that the nation's largest government bankruptcy isn't contagious.

  • Detroit said it would stop making some debt payments and asked creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in US history.

  • Six Weeks Key to Deciding Detroit's Bankruptcy Fate Sunday, 19 May 2013 | 5:24 PM ET

    There's a lot on the agenda as Detroit's emergency financial manager tries to meet a deadline to decide whether the city and escape a bankruptcy filing.

  • Bulls Look for a Pop in Assured Guaranty Wednesday, 14 Nov 2012 | 6:16 AM ET

    Investors are positioning for a rally in Assured Guaranty, which trades for barely half its book value.

  • NEW YORK, Oct 10- Flagstar Bancorp Inc had to know by 2009 that hundreds of loans it originated didn't meet underwriting guidelines when it sold $900 million in mortgage-backed securities to investors, a lawyer for a bond insurer said on Wednesday.

  • Ambac Sues JPMorgan Chase Over Mortgage Losses Monday, 2 Apr 2012 | 9:47 AM ET

    Ambac Financial Group, the bond insurer that last month won court approval to emerge from bankruptcy, has sued JPMorgan Chase to recover losses on mortgage securities that it insured and were made by the former Bear Stearns.

  • Volatile Week 'Not the End of the World': Wilbur Ross Tuesday, 16 Aug 2011 | 5:54 PM ET

    Billionaire investor Wilbur Ross told CNBC Tuesday he was not perturbed by last week's volatile market swings.

  • Mortgage Problems Still a Big Drag on Bank Earnings Friday, 15 Apr 2011 | 7:30 PM ET

    If there’s one takeaway from the banks’ first-quarter earnings this week, it’s got to be this: Mortgages are still a real problem.

  • Stocks End Higher on Good Economic News Friday, 15 Apr 2011 | 4:47 PM ET

    Stocks ended higher as investors took heart from strong economic news and shrugged off disappointing quarterly results ahead of a big week of earnings. Merck and DuPont led the Dow higher, while BofA fell.