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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:34 EDTBK, AGOAssured 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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December 11, 2014
11:12 EDTBKBNY Mellon management to meet with Jefferies
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07:22 EDTAGOAssured Guaranty close to deal to buy Radian unit for $800M, Reuters says
Assured Guaranty (AGO) is close to a deal to buy Radian's (RDN) financial guaranty business for about $800M, Reuters reports, citing sources. A deal could be announced within the next few days, the sources add. Reference Link
December 9, 2014
14:57 EDTBKFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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