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American International Group may try to recover losses it suffered on $6 billion of guarantees on collateralized debt obligations (CDOs) similar to the one that triggered fraud charges against Goldman Sachs Group, the Financial Times reported Tuesday.

Mark Herr, a spokesman for AIG, declined to comment.

AIG lost roughly $2 billion on guarantees it sold on Goldman CDOs before the financial crisis, the newspaper reported.

If AIG discovers that its transactions had disclosure issues similar to those alleged by the Securities and Exchange Commission (SEC) in a suit against Goldman, they would be able to complain to the SEC, file a private lawsuit, or both, the FT said, citing lawyers.

Under a deal struck by AIG and Goldman last year, the bank agreed to cancel guarantees on about $3 billion-worth of CDOs in exchange for keeping collateral worth about $2 billion, the newspaper said, citing unidentified people close to the situation.

The CDOs being reviewed by AIG are part of a family of securities known as Abacus. The SEC’s complaint focuses on one of the Abacus deals, known as Abacus 2007-AC1. That is not among the securities insured by AIG, the FT noted.

To read more, go to MarketWatch.com.

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