Bond insurer MBIA reported its second consecutive quarterly net loss as writedowns in its credit derivatives portfolio rose to $3.5bn (Ã¢ÂÂ¬2.4bn).

The Armonk, NY, financial guarantor posted a fourth-quarter net loss of $2.3bn, or $18.61 a share, compared with year-earlier net income of $181m, or $1.32 a share.

The Wall Street Journal

MBIA

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heGbOUChiELsBOuogIbRWDAtPD5ptfOHsbuZPdbsiCEe82KGhQf7vUkUuuit3VFOSIdl3p3o6vhYkuZtUUvnTJlBQKIZNhWpG5U9Byj28L8dIuwAhms20XYc8Hh7oYNVKrDoPsW07hpN4y2fHSiOGO1fO0xGP39BL4YJDTt+s5whXIoVfpA0IXXUkyz9mhHQW49M4lajqNeNVPfkb530lwF8Fn5INwCXgGA2xOC5enhGti7Uh0Mc1lMOJ/80fXqv/j4NB7anpzUWIcnqU4pTFoqH47CufisQv5kl6PatxS6BhQosdkMlH1EPKng/D6CLRh06jo6szRXiFM3TFpqDMtwHppexIbjoYCE1papD8xdcTz+XTbTq5/4cSitUN2FCBNP9SG18w7qsivPz0rbbO/kkFiIBB9/2tN4x7TmL2yg+L9zGz9rXwGBQfE6zy+2gHD9T7r9sA+pPP3S5896MBwOo88FjuOksvM41CtduDguRiDJPzB/DTrMHRbJQe/kAyveoGhO7P8mWPyshZSZwyqDWQwgyY+PabP0WARBg0w8CVNM1rLMmM/RzXaHpaOye1+GNS/Xfxjt0R46Smnj6/UkL2CEs27XHVI2KlFxLy0M5Os9P8mzDHeP/efTpKlIsUm4MLGNhCNzfBG6f1qwRmEPa5Hss5UgxU96fMUoI8jXiXgg6K1itzlxRD+d9c9EYP+cnJLQD2TNgu5OBHa+9nTPsR+UdtNFMcJdYSpYqgtq+WbxApQvbHQBaXTBDKBCUxT3XVs1ImT6a8gg3QKCshbyN07zSYkuJd+j8eOF4yxckTd/w0eQDGq3cLqPcGxdcE0VhA9d/tZwwo/wyEICYtURZ

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Derivatives writedowns hit MBIA

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