Profit for Banks Dimmed by Possible Home-Equity Losses: Video
April 12 (Bloomberg) — Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co. may have to set aside an additional $30 billion to cover possible losses on home-equity loans, an amount almost equal to analysts estimates of profit at the three banks this year. Bloomberg’s Monica Bertran reports. (Source: Bloomberg)
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Dilweg Says Rehabilitation Will Bring Stability to Ambac: Video
March 25 (Bloomberg) — Wisconsin Insurance Commissioner Sean Dilweg talks with Bloomberg’s Mark Crumpton and Julie Hyman about his office’s move to take over claims on about $35 billion of home-loan bonds backed by Ambac Financial Group Inc.
Dilweg is taking over a portion of Ambacs policies to protect municipal bondholders [...]
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