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.
Pacific Life Seeks to Dismiss Kyle Busch’s $8.5M Lawsuit Over Insurance Policies 
Hot Sauce Company Sues Manufacturer Over Exploding Bottles 
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
Grandson Not Covered Under Grandma’s Home Insurance From This Issue
