AMBAC Financial Group, Inc.

(redirected from Ambac Financial Group)
Also found in: Wikipedia.

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 ?
Reuters) - Ambac Financial Group Inc's attorney said on Monday the bond insurer could exit bankruptcy as soon as Wednesday after the company received court approval of a $101.
10 April 2013 --US bond insurer Ambac Financial Group Inc said it has reached an agreement with the United States government on the terms of a settlement it said will bring resolution to claims filed against Ambac by US tax authority the Internal Revenue Service and related litigation.
NEW YORK: Ambac Financial Group Inc, the bond insurer whose toxic assets were seized by Wisconsin state regulators in March, said it could default on its loan obligations and was still considering filing a prepackaged bankruptcy.
Company analysis includes a history of Ambac Financial Group, a business segment analysis of the segments Ambac Financial Group operates through, a look at the organization structure of the company, a geographical operating segments analysis, an analysis of the company's major competitors.
21 November 2012 -- New York-based public finance and structured finance obligations guaranto Ambac Financial Group, Inc.
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.
10 November 2010 - S&P on Tuesday lowered to D (Default) from C its ratings on all senior unsecured and subordinated debts of US financial services provider Ambac Financial Group (NYSE:ABK) after it filed for bankruptcy on November 8.
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.
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.