MBIA; S&P Downgrades; Nomura; Mizuho

MBIA posts biggest loss; considers new capital plans; S&P Downgrades: Cuts $270 Billion of debt; ...  More »

MBIA posts biggest loss; considers new capital plans; S&P Downgrades: Cuts $270 Billion of debt; May cut $264 Billion more; May cause losses at banks; S&P lowers or may cut $534 Billion of subprime debt; Analysis by Stephen Biggar of Standard & Poor's Equity Research; Analysis by Simeon Hyman of Lehman Brothers Private Investment Management; Nomura profit falls as banking fees slump, costs rise; Mizuho's third-quarter profit falls 65% on subprime losses  « Less