Ambac sues Bank of America over Countrywide mortgage bonds

NEW YORK (Reuters) - Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit.

from Reuters: Business News http://ift.tt/1xyEKlt