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23 May 2013

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AIG gets $5bn+ Maiden Lane windfall

17 July 2012

American International Group (AIG) has been repaid $5bn in equity that it placed into a bailout fund set up to rescue the insurer during the nadir of the financial crisis in 2008.

The Federal Reserve Bank of New York (FRBNY) said it had repaid AIG's $5bn equity stake, plus accrued interest and residual profits on the insurer's equity in Maiden Lane III.

Maiden Lane III was one of the two vehicles set up by the FRBNY to prop up the...

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