MBIA, Inc.

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MBIA, Inc.

A private corporation that guarantees principal and interest payments on debt securities and some asset-backed securities. Founded in 1974 upon the merger of several casualty insurance companies, MBIA originally specialized in guaranteeing municipal bonds. It has since expanded to other investment vehicles such as corporate bonds and mortgage-backed securities. Clients are issuers who pay a fee to MBIA in exchange for the insurance. MBIA insurance typically guarantees the highest possible credit rating and lowers the overall cost of the issue.

MBIA, Inc.

A private corporation that provides financial guarantees and investment management products and services. MBIA was formed as a consortium of five casualty insurance companies in 1974 to guarantee principal and interest payments on municipal debt. It has since expanded its scope to guarantee structured asset-backed and mortgage-backed transactions, corporate bonds, and obligations of financial institutions. Borrowers pay MBIA a fee and, in return, issue debt that receives a higher rating and carries a lower interest rate.
References in periodicals archive ?
MBIA Inc (NYSE:MBI) disclosed on Tuesday that its board of directors elected Diane L.
PURCHASE, N.Y: MBIA Inc. announced a consolidated GAAP net loss of $146 million, or $(1.64) per share, for the second quarter of 2018.
Ambac Financial Group, Assured Guaranty LTD and MBIA Inc., through its subsidiary National Public Finance Guarantee Corporation - all of which, for a premium, guarantee repayments to debt holders in the event of an issuer default - are collectively on the hook for upwards of (https://s3.amazonaws.com/heightllc.com/AGO_MBI_3Q17_PR_Exposure_and_Budget_Revision_Outlook.pdf?AWSAccessKeyId=AKIAIE5NNHEX3BS2LJAA&Expires=1510237726&Signature=sOD%2FsmYyADT%2B11NfF%2BR%2BMTroFBc%3D) $26 billion in Puerto Rican debt over the long term.
BNY Mellon also declared its aim to buy Cutwater from MBIA Inc. on October 6, 2014.
6 October 2014 - US financial services company The Bank of New York Mellon Corporation (NYSE:BK), or BNY Mellon, said today it had struck an agreement to buy domestic fixed income and solutions specialist Cutwater Asset Management from MBIA Inc (NYSE:MBI).
6 October 2014 -- New York-based MBIA Inc's (NYSE: MBI) National Public Finance Guarantee Corp subsidiary said that Thomas J Weyl will join the company as managing director and head of new business development.
MBIA Inc., which employs 245 people in Westchester County, is moving its global headquarters to The Centre at Purchase office campus in Purchase, NY, according to exclusive leasing agent New-mark Grubb Knight Frank (NGKF).
National, the public finance subsidiary of MBIA Inc, would be the second bond insurer to withdraw objections, following Assured Guaranty Municipal Corp, which on Monday dropped its objection to the swaps deal and DIP financing.
Financial services company MBIA Inc. is settling with Bank of America Corp.
Makode comes to the company from MBIA Insurance Corp., where she was general counsel, a member of the board and the chief compliance officer of MBIA Inc. She previously was vice president and counsel for Deutsche Bank AG and an associate at Cleary, Gottlieb, Steen & Hamilton.
Option Ticker Firm Industry C Citibank Banking/Finance BAC Bank of America Banking/Finance QQQQ Power Shares QQQ Exchange Traded Fund SPY Standard and Poor Trust Exchange Traded Fund Series 1 MAC Macerich Company Real Estate XLF Financial Sector SPDR Exchange Traded Fund IPG Interpublic Group of Advertising and Marketing Companies Services VLO Valero Energy Petroleum Refining F Ford Motor Company Automotive IWM iShares Russel 2000 Index Exchange Traded Fund Fund GE General Electric Company Diversified Technology, Media & Finance MBI MBIA Inc. Insurance RF Regions Financial Holdings Company (Banks) Corporation CSCO Cisco Systems Inc.
JPMorgan Chase & Co (NYSE: JPM) and Barclays Plc (LSE: BARC) (NYSE: BCS) have decided not to oppose MBIA Inc's plan to restructure its businesses.