Ambac Hit By USD1.6B Credit Derivative Loss
Ambac Financial Group added USD1.6 billion in new losses from credit derivatives in the second quarter, bring the bond insurer’s total write-downs from the instruments to roughly USD4.9 billion.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
