MBIA Inc. yesterday unveiled a program to provide state and local governments with investment management services for municipal bond proceeds.

The venture, which the company last week confirmed was in the works, will be run through a new subsidiary, MBIA Investment Management Corp.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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