Ambac increase in income but may file for bankruptcy
US credit insurer's results aided by $443.9m tax refund allowing the credit insurer to carry back 2008 and 2009 operating losses as far back as 2003
Ambac Financial Group has reported a fourth quarter 2009 net income of $558.1m. This compares to a fourth quarter 2008 net loss of $2,340.8m.
However, the insurer has also said it has "insufficient
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