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Bank of America Spurns AIG Request For Renegotiation

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Mani
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Bank of America Corp (NYSE:BAC) has rebuffed a request from American International Group Inc (NYSE:AIG) to renegotiate a $85 billion mortgage bond settlement deal.

Bank of America Spurns AIG Request For Renegotiation

The bank’s attorney Elaine Golin said Bank of America Corp (NYSE:BAC) won’t participate in mediation proposed by American International Group Inc (NYSE:AIG) and other opponents and will not otherwise engage in any renegotiation.

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

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