Reuters: Deals: Banks eye AIG toxic assets held by NY Fed: WSJ

Reuters: Deals Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Banks eye AIG toxic assets held by NY Fed: WSJ Mar 16th 2012, 12:40 Tweet Share this Email Print Protesters gather outside the AIG building in Los Angeles March 19, 2009. Credit: Reuters/Mario Anzuoni Related News Departing Goldman banker slams "rip-off" culture Thu, Mar 15 2012 UPDATE 6-Departing Goldman banker slams 'rip-off' culture Wed, Mar 14 2012 Fed gives mostly high marks in bank stress tests Wed, Mar 14 2012 Fed nods to better economy, mum on next move Tue, Mar 13 2012 Citigroup could be surprise winner in stress tests Mon, Mar 12 2012 Analysis & Opinion Goldman's capitalistic monoculture Goldman's omerta loses force – along with brand Related Topics Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » Fri Mar 16, 2012 8:40am EDT (Reuters) - Several banks including Goldman Sachs (GS.N) have shown an interest in buying American International Group Inc's (AIG.N) complex and troubled assets tied to the insurer's bailout, the Wall Street Journal said, citing people familiar with the matter. The troubled assets, which are held by the Federal Reserve Bank of New York, are valued at about $47 billion at face value, the paper said. These toxic assets were acquired by New York Fed as a part of the AIG bailout at the height of the financial crisis. Banks including Barclays PLC's (BARC.L) Barclays Capital unit, Credit Suisse Group AG (CSGN.VX) and Goldman Sachs are among the ones interested in buying the complex mortgage-backed assets at around their current market value, the Journal said, quoting people familiar with the matter. A few interested buyers have approached the New York Fed about the collateralized debt obligations. However, the people told the paper that they do not yet expect any imminent sales. None of the parties were immediately available for comment when contacted by Reuters. (Reporting by Arpita Mukherjee in Bangalore; Editing by Matt Driskill) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions