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Ambac reports $2.34 billion net loss (Reuters)

Started by riky, February 25, 2009, 03:03:07 PM

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riky

February 25, 2009, 03:03:07 PM
Ambac reports $2.34 billion net loss
    (Reuters)

 


Reuters - Ambac Financial Group Inc  reported a fourth-quarter loss of more than $2 billion on Wednesday, as the bond insurer set aside nearly $1 billion more for losses tied to residential mortgage debt.


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