UK Mortgages rates and deals

May 14, 2009

Banks sue MBIA over restructuring 

Filed under: Bridging Finance — Phill Taylor @ 11:11 pm

NEW YORK (Reuters) - A group of major banks including Citigroup , JPMorgan Chase and Barclays has sued MBIA , charging that the bond insurer illegally restructured its operations by moving $5 billion (3.3 billion pounds) of assets and leaving a key unit effectively insolvent.

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