Barclays shows interest in Maiden Lane II assets: reports
American International Group's (AIG) bid to buy back assets held at the New York Federal Reserve may be under threat, after reports of potential interest from other suitors.
On March 11, the New York Federal Reserve said it had received a formal offer from AIG, a rescued insurer, to buy all $15.7 billion of residential mortgage-backed securities (RMBS) held in Maiden Lane II, one of two bailout vehicles set up in 2008 to salvage the company. However, on Tuesday, the Financial Times said the bank
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