Merrill Lynch (BAC) yesterday emerged the winner of an NY Fed auction for former AIG CDOs with a...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Merrill Lynch (BAC) yesterday emerged the winner of an NY Fed auction for former AIG CDOs with a face value of $1.9B, the FT reports. The bank is tomorrow due to sell another $5B of the assets, which are held in Maiden Lane III.