Saturday, February 2, 2008

Banks join to rescue Ambac: sources (Reuters)



People walk past the UBS office at the Bahnhofstrasse in Zurich December 10, 2007. (Arnd Wiegmann/Reuters)Reuters - A group of large banks has joined
together to find ways to shore up Ambac Financial Group Inc
, a large bond insurer battered by the global credit
crunch, two people briefed on the talks said on Friday.




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