New York State insurance regulators yesterday met with some of the largest Wall Street banks about raising capital to shore up the struggling financial guaranty insurers, while at least one deep-pocketed investor confirmed he is interested in entering the fray.

Wilbur Ross, the head of WL Ross & Co., told The Bond Buyer yesterday he has been looking at the bond insurance industry as a potential investment for the last few months, and has been talking with “a couple of the companies.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.