AIG retrieves $2B of soured crisis MBSs

|By:, SA News Editor

AIG (NYSE:AIG) has recouped more than $2B in settlements with banks over the shoddy mortgage bonds that almost led to the insurer's collapse during the financial crisis.

Most of the settlements were completed though private deals with banks such as Morgan Stanley, JPMorgan and BofA.

The out-of-court settlements means the AIG is unlikely to pursue further legal action against big banks.