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Mbia Will Halt Asset-backed Business, Split Units

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Feb. 25 (Bloomberg) -- MBIA Inc., seeking to stave off a crippling credit rating downgrade, will stop writing guarantees on asset-backed securities for six months and will separate that business from its municipal unit within five years.

Chief Executive Officer Jay Brown also said he has ``questions'' about the company's 2007 preliminary results released last month and hasn't yet signed off on the statements, according to a letter to shareholders today.


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  • 292 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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