TITLE

FGIC Asks to Shield Its Muni Bond Unit

PUB. DATE
February 2008
SOURCE
American Banker;2/19/2008, Vol. 173 Issue 33, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the New York State Insurance Department announced that the troubled bond insurance firm FGIC Corp. has requested permission to split in two to protect its municipal bond insurance operation. The split would spin off the subprime mortgage insurance operation which has cost the company billions of dollars in writedowns.
ACCESSION #
29997410

 

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