Bloomberg.com logo Bloomberg.com 1 month ago

Ambac's Bond-Insurance Unit May Be Placed Into Receivership, JPMorgan Say

Nov. 5 (Bloomberg) -- Ambac Financial Group Inc.’s bond- insurance unit may be placed into receivership, leaving no value for company’s shareholders, as the minimum surplus it’s required to maintain dwindles, according to JPMorgan Chase & Co. Full Article at Bloomberg.com

Related Topics:

  1. Graphic Packaging
  2. Aeropostale Inc
  3. Dynegy Inc.

Related Articles

  1. Bloomberg.com logo
    Ambac, Bristow, CTC, CVS Caremark, Gibraltar, Pioneer: U.S. Equity Movers
    1 month ago

    Nov. 5 (Bloomberg) -- Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 2 p.m. in New York. Full Article at Bloomberg.com

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  1. CHICAGO - OCTOBER 27: Police walk by a cutout of Jamie Dimon, CEO of JPMorgan Chase, during a rally calling for bank reform near the Sheraton Hotel where the American Bankers Association's (ABA) annual convention was being held October 27, 2009 in Chicago, Illinois.
  2. Jamie Dimon, chairman and CEO of JPMorgan Chase, speaks at the Securities Industry and Financial Marketers Association annual meeting in New York,October 27, 2009.
  3. NEW YORK - OCTOBER 14: A sign on the outside of a Chase bank branch October 14, 2009 in New York City. JP Morgan Chase & Co. reported large third-quarter earnings of 3.6 billion and said it approximately doubled the amount of money it allocated for failed home and credit card loans.
  4. NEW YORK - OCTOBER 14: A trader talks on the phone on the floor of the New York Stock Exchange on October 14, 2009 in New York, New York. The Dow Jones industrial average past the 10,000 mark in afternoon trading for the first time in a year.
  5. NEW YORK - SEPTEMBER 25: James Dimon, Chairman and CEO of JP Morgan Chase, attends a panel on finance at the Clinton Global Initiative (CGI) September 25, 2009 in New York City.

Cast of Characters

  1. Graphic Packaging Graphic Packaging
  2. Aeropostale Inc Aeropostale Inc
  3. Dynegy Inc.
  4. Cisco Systems, Inc. Cisco Systems, Inc.
  5. MetroPCS Communications Inc MetroPCS Communications Inc
  6. American Eagle Outfitters, Inc. American Eagle Outfitters, Inc.