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.
Verisk: Insurance Claims Volume Fell to 5-Year Low in 2025 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Albertsons Reaches $774 Million Opioid Accord, Records Loss 
Here’s a List of Gulf Energy Infrastructure Damaged in Iran War From This Issue
