Insurance Post

Banks off the hook as AIG recovers mortgage bond settlements

AIG

AIG is no longer expected to pursue further legal action against major banks after recovering more than $2bn (£1.17bn) in settlements over mortgage bonds that left the insurer on the brink of collapse.

Post reported in November last year that investment bank Morgan Stanley was among the institutions AIG was considering suing over mortgage-linked securities sold to the firm in the lead up to the

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