Credit Suisse lead bidder for Fed's $3.5B sale of CDOs, WSJ reports

RELATED QUOTES

SymbolPriceChange
CS28.690.15
C50.010.65
GS164.150.04
BAC13.270.06
AIG45.14-0.01

Credit Suisse Group (CS) was the clear leader in the bidding for $3.5B of complex mortgage debt sold yesterday by a New York Fed crisis-era portfolio, reports the Wall Street Journal. Citigroup (C), Goldman Sachs (GS) and Bank of America's (BAC) America Merrill Lynch also won CDOs in the auction from the Maiden Lane III portfolio.

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