Welcome to our dedicated page for MBIA news (Ticker: MBI), a resource for investors and traders seeking the latest updates and insights on MBIA stock.
MBIA Inc. reports recurring financial results and investor communications as a holding company whose subsidiaries provide financial guarantee insurance for public finance and structured finance markets. Company updates focus on quarterly and annual results, conference calls, SEC-furnished financial reports, and operating disclosures tied to insured portfolios.
News also reflects the structure of MBIA's insurance operations, including U.S. public finance activity through National Public Finance Guarantee Corporation and international or structured finance activity through MBIA Insurance Corporation and its subsidiaries.
MBIA Inc. (NYSE: MBI) announced a settlement with Credit Suisse Securities (USA) LLC, concluding a litigation that began in 2009. The court awarded MBIA's subsidiary, MBIA Insurance Corporation, approximately $604 million in damages. As part of the settlement, Credit Suisse will pay MBIA Corp. $600 million, significantly exceeding the recovery recorded in MBIA's Q3 2020 financial statements. Following this agreement, the court dismissed the litigation, marking a positive resolution for MBIA and its shareholders.
MBIA Inc. (NYSE:MBI) has released its third quarter 2020 financial results, which are available on their website and will be reported to the SEC. A conference call is scheduled for November 10 at 8:00 a.m. ET to discuss these results with investors. MBIA, headquartered in Purchase, New York, operates in the financial guarantee insurance sector for public and structured finance markets.
MBIA Inc. (NYSE:MBI) will host a conference call on November 10, 2020, at 8:00 a.m. ET to discuss its third quarter 2020 financial results. The call will follow the release of financial results and the 10-Q filing after the market closes on November 9, 2020. Investors can participate by calling (877) 694-4769 in the U.S. or (404) 665-9935 from overseas, using code 4168404. An audio replay will be available within two hours post-call until November 24, 2020. More details will be accessible on the company's website, www.mbia.com.