Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Wis. Court Approves Ambac Settlement
Posted on May 25th, 2010 No commentsA Lafayette County, Wis., circuit court judge approved a deal in which 14 of the world’s largest banks will receive $2.6 billion in cash and $2 billion in debt as part of the restructuring of Ambac Assurance Corp. Ambac, a spinoff of MGIC Investment Corp. and an insurer of municipal bonds and bonds backed by subprime loans, owes the banks a total of $12.9 billion. Read the Milwaukee Journal Sentinel article.
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