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ACA Capital rocked by double lawsuit blow

ACA Capital, the structured credit protection provider, has been named in two class action lawsuits brought by shareholders who have seen the value of their investments plummet.

Two suits have been filed separately at the US District Court for the Southern District of New York by firms Coughlin Stoia Geller Rudman & Robbins and Abraham Fruchter & Twersky on behalf of “all persons who purchased the

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The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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