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Wednesday, April 7, 2010 as of 11:14 AM ET

Bank of New York

The Bank of New York was a global financial services company established in 1784 by the American Founding Father Alexander Hamilton.

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Credit Suisse Wins Latest NY Fed Maiden Lane CDO Auction

Credit Suisse (CSGN.

VX, CS) on Tuesday won the latest sale of complex debt securities from the Federal Reserve Bank of New York, according to the New York Fed's website.Credit Suisse bought collateralized debt obligations with a face value of $691 million from the Maiden Lane III portfolio, which included securities taken on during the 2008 bailout of American International Group, the New York Fed said. The purchase was comprised of six securities backed by both commercial and residential mortgage-backed bonds.The sale of the "Putnam" CDOs is one of two planned for this week as the New York Fed expands its effort to wind down the portfolio at prices that present value for the public. Demand for commercial and residential mortgage bonds has been generally stronger this year as investors seek their extra yield and real estate markets have shown signs of stability, though the securities have suffered recent setbacks.The New York Fed earlier this month sold about $2.5 billion in the portfo...

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  3. MARKET SNAPSHOT: U.S. Stocks Steady Between Data, Greece

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  4. MARKET SNAPSHOT: U.S. Stocks Rebound On Economic Data

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  7. Lawmaker Calls For JP Morgan CEO To Leave NY Fed Board

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  8. New York Fed To Sell Eight More Maiden Lane III Bonds In May

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    FBN’s Nicole Petallides on J.P. Morgan shares falling on news of the bank’s losses.

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  11. Bank Of America Wins Latest NY Fed Maiden Lane III CDO Sale

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  12. ADR Report: Shares Lower As Spanish Banks Fall

    International companies trading in New York closed lower Wednesday, in line with the broader market, on continued concern over the future of the euro zone.The Bank o...

  1. ADR Report: Shares Lower As Solar Companies Extend Losses

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    Treasury Secretary Timothy Geithner Thursday called assertions that he has been resistant to tough new financial rules "ridiculous."The former president of the Feder...

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    Deutsche Bank and Cantor Fitzgerald are selling $824 million in commercial mortgage-backed securities in coming days, according to investors familiar with the offeri...

  7. New York Fed Postpones $1.67 Billion Maiden Lane III CDO Sale

    The Federal Reserve Bank of New York on Thursday said it postponed a planned auction of $1.67 billion of mortgage collateralized debt obligations from its Maiden Lan...

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