Thursday, March 11, 2010
Fed Shoulders AIG Loan Losses to Ease Sale of Unit to MetLife
The Federal Reserve Bank of New York and American International Group Inc. agreed to shoulder as much as $450 million in losses tied to the insurer’s Japan real estate bets as part of the sale of a division to MetLife Inc.
MetLife won an accord to split most declines on $1 billion in commercial mortgages included in the $15.5 billion purchase of the AIG unit, according to a MetLife regulatory filing and the company’s chief financial officer...
Business Week: Fed Shoulders AIG Loan Losses to Ease Sale of Unit to MetLife
MetLife won an accord to split most declines on $1 billion in commercial mortgages included in the $15.5 billion purchase of the AIG unit, according to a MetLife regulatory filing and the company’s chief financial officer...
Business Week: Fed Shoulders AIG Loan Losses to Ease Sale of Unit to MetLife
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