BofA (BAC) to Take 5% Stake in MBIA (MBI); Mortgage Putback Litigation Will be Dismissed
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Bank of America (BAC) Past the Worst of Mortgage Mess - Evercore Partners
May 7, 2013 7:00 AM EDTEvercore Partners Andrew Marquardt reiterated an Overweight rating and $14 price target on Bank of America (NYSE: BAC) following the announced settlement with MBIA.
The firm notes while there are lingering rep/warranty costs that are likely to remain elevated, Bank of America is... More
MBIA (MBI) Affirms Entering MBS Settlement with BofA (BAC)
May 6, 2013 3:43 PM EDTMBIA Inc. (NYSE: MBI) (the Company) today announced that it has, together with its subsidiaries MBIA Insurance Corporation (MBIA Corp.) and National Public Finance Guarantee Corporation (National), agreed to the terms of a comprehensive settlement agreement and related agreements (the Settlement Agreement) with Bank of America Corporation (NYSE: BAC) and certain of its subsidiaries (Bank of America). Under the terms of the Settlement Agreement, MBIA Corp. will receive a net payment of approximately $1.7 billion, consisting of approximately $1.6 billion in cash and $137 million principal amount of MBIA Inc.s 5.70% Senior... More
MBIA (MBI) Halted for Third Time on Circuit Breaker
May 6, 2013 12:28 PM EDTMBIA, Inc. (NYSE: MBI) has been halted for the third time on a circuit breaker halt. Shares were last up 43% after settlement with BofA, but off the highs.... More
MBIA (MBI) Again Resumes Trading after Second Circuit Breaker Halt
May 6, 2013 12:24 PM EDTMBIA, Inc. (NYSE: MBI) has again resumed trading after the second circuit breaker halt. Shares were last up 52% after settlement with BofA.... More
MBIA, Inc. (MBI) Resumes, Rips Higher
May 6, 2013 12:16 PM EDTMBIA, Inc. (NYSE: MBI) shares resume trading, the stock is now up 37 percent.... More
MBIA (MBI) trading paused for volatility
May 6, 2013 12:09 PM EDTMBIA, Inc. (NYSE: MBI) trading paused for volatility.... More
