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.
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References in periodicals archive ?
26, Ambac Financial Group Inc., New York, announced that Ambac Assurance Corporation (AAC) and Segregated Account of AAC have settled residential mortgage-backed securities (RMBS) litigation and disputes against JPMorgan Chase & Co.
that alleged that Ambac Financial Group Inc., and other credit rating
Bond insurer Ambac Financial Group Inc. first quarter net profit grew 11 percent as it saw increases in net premiums earned and investment gains.
monoline companies Ambac Financial Group Inc. and MBIA Insurance Corp.
The turnpike had hoped to refinance the $126 million in swaption bonds insured by Ambac Financial Group Inc., whose credit rating has fallen because of the nationwide credit squeeze, but those bonds have been repeatedly rejected for purchase at Wall Street auctions this year.
stocks rallied in the final minutes of trading Friday, helping the market post its second straight weekly gain, as speculation bond insurer Ambac Financial Group Inc. may be rescued overcame concern bank earnings will falter.
However, Young is not so optimistic about Ambac Financial Group Inc., given the recent credit crisis.
In exchange, investors are offered triple-A rated bonds backed by a guarantor such as Ambac Financial Group Inc. or MBLA Inc., says South Carolina's Jones.
Ambac Financial Group Inc. reversed a fourth-quarter loss thanks to lower losses from claims and expenses, and higher income from investments.
bond insurers Ambac Financial Group Inc. and MBIA Insurance Corp.
The Flagstar case mirrors other lawsuits by insurers such as MBIA Inc and Ambac Financial Group Inc. Defendants have included JPMorgan Chase & Co, Credit Suisse Group AG and Bank of America Corp's Countrywide Financial unit.