Ambac settles with Nomura, closing financial crisis-era RMBS lawsuits

Jan. 03, 2023 8:52 AM ETAmbac Financial Group, Inc. (AMBC), NMRBAC, MBI, AGOBy: Liz Kiesche, SA News Editor6 Comments

Business Acronym MBS - Mortgage Backed Security


  • Ambac Financial Group (NYSE:AMBC) shares jumped 3.1% in Tuesday premarket trading after its Assurance Corporation subsidiary (AAC) entered into a settlement agreement with Nomura (NYSE:NMR) that will give AAC $140M.
  • The settlement brings to an end all of Ambac's (AMBC

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