NU Online News Service, July 3, 8:00 a.m. EDT
American International Group will accrue between $3.8 billion and $5.8 billion as a result of the recent successful sale by the Federal Reserve Board of securities held in the Maiden Lane III facility, according to analysts at Sterne Agee in New York.
In an investor's note Friday, Sterne Agee analysts John M. Nadel, Dan Farrell, Alex Levine and Nitin Chhabra also estimated that $20 billion face amount of collateralized debt obligations backed by mortgage-backed securities of various grade remain in the facility after the latest sales in a favorable market.
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