Liquidity woes hit Ambac
China Daily | Updated: 2009-11-12 08:55
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Ambac shares closed down 33 percent, at 79 cents on the NYSE on Tuesday. Bloomberg News |
NEW YORK: Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems.
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