Maiden Lane Ii
Maiden Lane Ii News
The U.S. Treasury has received an additional $2.15 billion in repayment from American International Group Inc., the department announced today.
American International Group Inc. cut municipal-debt holdings by about $5 billion and added mortgage bonds as Chief Executive Officer Robert Benmosche reshapes the insurer’s $249.4 billion fixed-income portfolio.
American International Group Inc. swung to a second-quarter profit as it posted gains tied to a stake in AIA Group Ltd., the third-largest Asia-based insurer by market value.
Following are the minutes of the Federal Reserve’s Open Market Committee meeting that concluded on June 22.
American International Group Inc. , the bailed-out insurer, was rebuffed by the Federal Reserve Bank of New York in its bid to repurchase a portfolio of mortgage- backed securities for $15.7 billion.
Federal Reserve auctions of mortgage securities that the central bank assumed in the rescue of American International Group Inc. are fueling a selloff in credit markets as Wall Street rushes to hedge against losses on stockpiled debt.
American International Group Inc. stands to reap billions of dollars in benefits from its bid to repurchase mortgage-backed bonds from the Federal Reserve, according to Wells Fargo Securities.
Investor confidence in debt from subprime mortgage securities to investment-grade bonds is rebounding after tumbling last month on concern that a Greek default would infect credit markets.
The Federal Reserve Bank of New York is halting its sales of mortgage bonds acquired in the rescue of American International Group Inc. after coming under criticism that auctions were damaging credit markets.
U.S. mortgage bonds without government backing are extending losses as signs of a weakening U.S. economy and concern that Greece may default on its debt curb risk-taking.