Big Banks Band For Fed CDO Bid

23 Apr 2012

Citigroup, Credit Suisse and Goldman Sachs have told investors in a note that they have teamed to up to outbid other firms vying for an estimated $7.5 billion in collateralized debt obligations issued by American International Group and currently held by the Federal Reserve Bank of New York.

Citigroup, Credit Suisse and Goldman Sachs have told investors in a note that they have teamed to up to outbid other firms vying for an estimated $7.5 billion in collateralized debt obligations issued by American International Group and currently held by the Federal Reserve Bank of New York. ...

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