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.
Allstate Doubles Q4 Net Income While Auto Underwriting Income Triples 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Beazley Agrees to Zurich’s Sweetened £8 Billion Takeover Bid 
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals From This Issue
