Finances inform that it can file of Ambac for protection of bankruptcy - updates
Bond insurer Ambac Financial Group Inc. (ABK) on Tuesday warned that it may be forced to seek bankruptcy protection if it cannot improve its liquidity position. The company said that a result of the deteriorating financial condition at its main bond insurance unit Ambac Assurance Corp., regulators could commence delinquency proceedings to protect the interests of its policyholders. Shares of the company plunged 33% in the regular trading session following the news.
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