Some 15 financial companies will meet Thursday with Eric Dinallo, New York state’s insurance superintendent, to complain about a decision by MBIA, the world’s largest bond insurer, to split its bond insurance unit into two companies, reports the WSJ. Many banks in the group feel disadvantaged by MBIA’s move last month to separate its municipal bond operations into a new unit as it looks to rebuild its business.

This entry was posted by Gwen Robinson on Thursday, March 12th, 2009 at 4:48 and is filed under Capital markets, People. Tagged with MBIA. Edit this entry.