FGIC splits to hive off losses; MBIA raises $1.1bn to avoid bailout
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FGIC splits to hive off losses; MBIA raises $1.1bn to avoid bailout

18 February 2008
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Bond insurer FGIC Corp has told regulators it wants to break into two in a bid to save its credit rating, according to a New York Insurance Department spokesman.

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News February 2008/4
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