AIG’s Bad Asset Sale Put On Hold
The Federal Reserve Bank of New York (“Fed”) postponed the sale of assets under the Maiden Lane III portfolio, acquired from American International Group (NYSE:AIG), as a part of its strategy to rescue the company from a financial downturn. However, Fed refused to disclose any reason for the delay. A probable reason for putting the [...]
The Federal Reserve Bank of New York (“Fed”) postponed the sale of assets under the Maiden Lane III portfolio, acquired from American International Group (NYSE:AIG), as a part of its strategy to rescue the company from a financial downturn. However, Fed refused to disclose any reason for the delay.
A probable reason for putting the asset sale on hold could be the requirement for greater transparency in the sale process by other brokers and dealers. However, the asset disposal has impacted the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards