AMBAC Financial Group, Inc.

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AMBAC Financial Group, Inc.

A holding company whose subsidiaries provide guarantees and principal and interest payments on debt securities and some asset-backed securities. AMBAC's subsidiaries also provide other financial services, such as swaps and investment advice, mainly to state and local governments in the United States. It was founded in 1971 and is based in New York City.
References in periodicals archive ?
Credit Suisse (NYSE: CS) has settled a lawsuit with bond insurer, Ambac Financial Group Inc (ABKFQ.
Holding company of affiliates providing financial guarantees and services, Ambac Financial Group Inc (OTC:ABKFQ) revealed on Wednesday that an order confirming the Fifth Amended Plan of Reorganisation of Ambac Financial was signed by the US Bankruptcy Court for the Southern District of New York.
WALL Street bolted higher yesterday, after Standard & Poor's affirmed its ratings for Ambac Financial Group Inc and MBIA Inc, raising hopes that troubled bond insurers will emerge from the credit market crisis on solid footing.
Financial services holding company Ambac Financial Group Inc (OTC:ABKFQ) said on Wednesday that it has extended the voting deadline relating to the Second Amended Plan of Reorganization of Ambac Financial to 30 January 2012.
Ambac Assurance, the principal operating subsidiary of New York City-based Ambac Financial Group Inc.
Holding company of financial guarantees and services providers, Ambac Financial Group Inc (OTC:ABKFQ) disclosed on Friday that it has rescheduled the hearing for the approval of the Disclosure Statement due to ongoing negotiations with the Commissioner of Insurance of the State of Wisconsin and Ambac Assurance Corporation.
Financial services holding company Ambac Financial Group Inc (OTC:ABKFQ) reported on Monday that David Wallis has resigned as president and chief executive officer and as a director of Ambac Assurance Corporation, effective from 6 July 2011.
Financial services holding company Ambac Financial Group Inc (NYSE:ABK) disclosed on Thursday that it has entered into a series of debt for equity exchanges with certain holders of its 9 3/8% debentures, due August 2011.
Ambac Financial Group Inc (NYSE:ABK), a holding company for financial services providers, on Thursday reported net income of USD558.
Standard & Poor's said today that it does not expect that debt issued off Ambac Financial Group Inc.