NEW YORK (Reuters) – The Federal Reserve Bank of New York this week made public a mortgage-securities settlement with Bank of America that could bolster the BofA's case against American International Group Inc over claims on the assets.
AIG filed a $10-billion lawsuit against Bank of America aimed at recouping losses from the U.S. lender.
AIG claims it did not lose the right to recoup these losses when it transferred $18 billion in litigation claims to the New York Fed after the U.S. central bank bailed out the insurer during the 2008 financial crisis.
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