8 Banks in Talks to Rescue Ambac
Eight major banks are in talks to bolster the Ambac Financial Group, the troubled bond insurance company, as part of an industrywide rescue being orchestrated by state regulators, people briefed on the negotiations said Friday.
The banks, which include Citigroup and UBS, are considering injecting capital into Ambac and assuming some of the risks associated with guarantees written by the company, these people said.
The plan is still in flux, and it is unclear how much money the banks might commit to the effort.lire la suite
Lien du post: http://dealbook.blogs.nytimes.com/2008/02/01/8-banks-in-talks-to-rescue-ambac/
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- 8 Banks in Talks to Rescue Ambac
Eight major banks are in talks to bolster the Ambac Financial Group, the troubled bond insurance company, as part of an industrywide rescue being orchestrated by state regulators, people briefed on the negotiations said Friday. The banks, which include Citigroup and UBS, are considering injecting capital into Ambac and assuming some of the risks associated with guarantees written by the company.
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