The Federal Reserve Bank of New York recently sold $7.01 billion worth of mortgage-backed securities it had assumed from AIG, as the U.S. government continues to recoup its money from its bailout of the insurer.
The securities, held by an investment vehicle called Maiden Lane II, were sold to Credit Suisse Group. “I am pleased with the strength of the bids and the level of market interest in these assets,” New York Fed President William Dudley said in a statement.
Topics Mergers & Acquisitions AIG
Was this article valuable?
Here are more articles you may enjoy.
Chubb CEO Greenberg: Industry Has to ‘Put Arms Around’ AI Liability 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Chubb Q3 Net Income Down Slightly on More Catastrophe Losses 
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment From This Issue
