MBIA (NYSE:MBI) reported a narrower second-quarter net loss as lower expenses tied to its Puerto Rico Electric Power Authority, or PREPA, exposure and favorable foreign-exchange movements helped results. Management said its principal priority remains resolving National Public Finance Guarantee Corp.
MBIA (NYSE:MBI) reported a narrower first-quarter GAAP net loss, as management said favorable foreign exchange movements, lower reserve impacts and the absence of certain prior-year investment losses helped offset other items.
The company posted a consolidated GAAP net loss of $40 million, or $0.80
