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Ambac Looking at Break Up, Isolation of Mortgage-Related Guaranty Business 

Feb 18, 2008By

Ambac Financial Group Inc. is considering a split of its municipal and mortgage-related bond insurance businesses, the Wall Street Journal reported on Monday. The news makes Ambac the latest monoline — along with FGIC Corp. — to consider a break up of its business as the mortgage crisis has stripped the insurer of most of its previously-held AAA ratings.

3d rendering of a row of luxury townhouses along a street

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