MBIA (MBI) soars 13.8% amid chatter of an imminent settlement with Bank of America (BAC). Update...

|About: MBIA Inc. (MBI)|By:, SA News Editor

MBIA (MBI) soars 13.8% amid chatter of an imminent settlement with Bank of America (BAC). Update at 3:20 ET: There's no new developments in the case, reports The Street's Dan Freed after speaking with a source close to the legal proceedings.