(Reuters) - NEW YORK, July 25 - MBIA Inc , the world's
largest bond insurer, said an independent consultant it hired
as part of a $75 million regulatory settlement concluded that
its accounting and disclosure procedures are sound, and cleared
it of wrongdoing related to two transactions.
Shares of MBIA rose more than 5 percent within five minutes
of the company's announcement of the findings on Wednesday,
before falling back.
Read more at Reuters.com Bonds News
largest bond insurer, said an independent consultant it hired
as part of a $75 million regulatory settlement concluded that
its accounting and disclosure procedures are sound, and cleared
it of wrongdoing related to two transactions.
Shares of MBIA rose more than 5 percent within five minutes
of the company's announcement of the findings on Wednesday,
before falling back.
Read more at Reuters.com Bonds News
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