Merrill Lynch

• New York Fed Sells Assets from AIG Bailout to Merrill Lynch

  By Reuters  |  May 10, 2012

  The New York Federal Reserve said on Thursday it sold all its TRIAXX collateralized debt obligations from a portfolio of assets that was used in the government bailout of insurer AIG to Merrill Lynch, following a competitive bid process with eight other Wall Street firms.

• Fed Looks to Sell More Former AIG Assets

  By Arthur D. Postal, PropertyCasualty360.com  |  April 18, 2012

  The Federal Reserve Bank of New York announced late Wednesday that it is exploring the sale of collateralized debt obligations originally owned by AIG’s troubled Financial Products Group.

• Fed Sells AIG MBS to Credit Suisse, Firm Sells Portion on Market

  By Arthur D. Postal, PropertyCasualty360.com  |  January 23, 2012

  The market is apparently strengthening for the risky residential mortgage-backed securities purchased by the Federal Reserve Board in early 2009 as part of its bailout of American International Group.

• Allstate, Lib Mut File Lawsuits Against Investment Banks

  By Chad Hemenway, PropertyCasualty360.com  |  July 14, 2011

  Insurers continue to file lawsuits against large investment banks over losses taken during the housing market collapse, as Liberty Mutual Insurance Co. filed suit against Goldman Sachs; and Allstate announced a lawsuit against Morgan Stanley.

• MBIA Drops Suit Against Bank of America

  By Associated Press  |  July 13, 2011

  MBIA Inc. has decided not to pursue a lawsuit against Bank of America Corp.'s Merrill Lynch unit.

• Allstate Sues Morgan Stanley Over Mortgage-Backed Securities

  By Chad Hemenway, PropertyCasualty360.com  |  July 7, 2011

  Allstate Corp. has added to its tally of New York lawsuits seeking to recover investment losses on residential mortgage-backed securities with a filing against Morgan Stanley.

• Ambac’s Chief Exec & General Counsel Resign

  By Mark E. Ruquet, PropertyCasualty360.com  |  June 14, 2011

  Troubled bond insurer Ambac says David Wallis, its president and CEO, and Kevin Doyle, senior vice president and general counsel, have resigned.

• MBIA Losses Round Against Merrill Lynch

  By Staff Writer  |  February 2, 2011

  A New York appeals court has thrown out a suit from bond insurer MBIA against Merrill Lynch, saying that sophisticated business entities should have understood what they were getting into.

• MBIA Accuses Morgan Stanley Of Fraud

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 9, 2010

  Morgan Stanley became the sixth financial institution to be sued by guarantee insurer MBIA Insurance Corp.

• AIG Issues $2B In Bond Sale

  By Mark E. Ruquet, PropertyCasualty360.com  |  December 6, 2010

  American International Group issued $2 billion in bonds, the first time it has issued debt since the government bailout of the company in 2008.