Bank of America Offers to Buy MBIA Bonds to Block AmendmentCharles Mead and Mary Childs
Bank of America Corp. is seeking to buy the majority of $329 million of MBIA Inc. bonds to block the insurer’s efforts to distance itself from a cash-strapped unit that sold products protecting the lender from losses on more than $6 billion of debt. MBIA fell the most in three years.
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