Early Friday Trading Sees Shares of Ambac and MBIA Rise Amid Rescue Plan Reported on CNBC
Early Friday morning CNBC reported that according to a source eight banks have formed a consortium to seek a rescue plan for bond insurers. With this announcement, shares of bond insurers Ambac and MBIA jumped in trading before the opening bell on Friday.
Shares of Ambac rose 11.7 percent to $13, while MBIA shares rose 14.2 percent to $17.70 in pre-market trading.
Published on February 1, 2008
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