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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:34 EDTAGO, BKAssured Guaranty makes statement regarding payments for sewer revenue warrants
On Friday, February 1, The Bank of New York Mellon (BK), as trustee for the Jefferson County, Alabama, sewer revenue warrants, notified Assured Guaranty Municipal Corp. (AGO) that it was suspending, until further notice, distributions to warrant holders of funds that secure and are the source of payment of the sewer warrants’ debt service. The suspended distributions include both net system revenues and draws on insurance policies, including certain AGM insurance policies. AGM disagrees with the trustee’s decision to suspend distributions and will take all steps necessary to ensure that each holder of an AGM-insured sewer warrant will receive scheduled debt service payments in full and in a timely manner. In that regard, AGM has paid all amounts due for payment on February 1 on the AGM-insured sewer warrants under its bond insurance policy to the Depository Trust Company and expects that DTC will credit such amounts to holders' accounts on Monday, February 4.
News For AGO;BK From The Last 14 Days
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April 1, 2015
16:24 EDTAGOAssured Guaranty sees Radian Asset acquisition accretive to earnings
Assured Guaranty announced that its subsidiary Assured Guaranty Corp. (AGC) today acquired Radian Asset Assurance from Radian Guaranty in accordance with the agreement announced December 23, 2014. Radian Asset has merged with and into AGC, with AGC as the surviving company. As a result, the assets and obligations of Radian Asset have become the assets and obligations of AGC. Dominic Frederico, president and CEO of Assured Guaranty stated, “The acquisition increases AGC’s capital base and policyholders’ surplus, and the transaction is accretive to Assured Guaranty’s earnings, operating shareholders’ equity and adjusted book value." AGC paid $804.5M in cash, after certain adjustments, to acquire Radian Asset. As of December 31, 2014, Radian Asset’s statutory capital was approximately $1.3B. As of February 28, 2015, Radian Asset’s statutory net par outstanding was approximately $13.9B.
March 30, 2015
06:12 EDTBKBNY Mellon denies initiating CEO search, FT says
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March 27, 2015
06:49 EDTBKBNY Mellon may have contacted recruitment firm for CEO candidates, Reuters says
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March 25, 2015
07:35 EDTBKCFA Society of Minnesota to hold a luncheon meeting
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March 19, 2015
16:02 EDTBKBNY Mellon settles FX-related actions
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11:32 EDTBKBNY Mellon set to pay $700M to settle forex allegations, WSJ says
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11:16 EDTBKBNY Mellon close to deal to resolve forex litigation for $700M, Reuters reports
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