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Items Tagged with 'Ambac Assurance'

ARTICLES

Ambac sues BofA over faulty mortgage bonds

Company lost hundreds of millions of dollars
Brena Swanson
Bank of America is getting sued again after its giant $16.65 billion settlement back in August. This time Ambac Assurance is coming after the bank.
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Ambac’s 3Q income plummets 64%

Falls from $231M in 2013 to $82.5M in 2014
Ben Lane
While the company’s net income was down 64% year-over-year, Ambac’s third quarter performance was up dramatically over its second quarter results, in which the company posted a net loss of $207.9 million.
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Ambac Financial posts $155.9M 1Q net income

Loss mitigation strategies working, CEO says
Trey Garrison
Ambac Financial Group reported net income in the first quarter 2014 was $155.9 million, or $3.31 per diluted share, compared with $282.3 million, or $0.93 per diluted share, in the first quarter 2013.
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Ambac earnings drop to $68.6 million

Market challenges disrupt earnings
Brena Swanson
Ambac Financial Group’s net income fell in the fourth quarter 2013 to $68.6 million, or $1.49 per share, from $143.6 million, or 47 cents per share, in 2012, as earnings were impacted by current market challenges.
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