NYSDFS Stopping MBIA (MBI) Notes Payment Nothing New, BofA (BAC) Still in Focus
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MBIA (MBI) Says NYSDFS Denied Payment on Surplus Notes
January 15, 2013 11:51 AM ESTMBIA Inc. (NYSE: MBI) announced that in response to the request made by its wholly-owned subsidiary MBIA Insurance Corporation to make the scheduled January 15, 2013 interest payment on MBIA Corp.'s 14% Fixed-to-Floating Rate Surplus Notes due 2033, the New York State Department of Financial Services (NYSDFS) has denied MBIA Corp.s request to make the January 15, 2013... More
