The Federal Reserve has declined the offer from AIG AIG to buy the Maiden Lane II portfolio.
The Fed says that it will conduct an auction for some of these assets in the portfolio, and will sell them as market conditions exist.
Blackrock BLK will run the auction.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
