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AIG and U.S. Set Faster, Riskier Exit Path Greenberg said the asset sales reduced AIG’s diversification and added risk, especially because property-casualty business is volatile. “If I had the choice, I would sell the domestic life business rather than the Asian business (AIA),” Greenberg said. Benmosche said AIG may at some point consider a partial […]
AIG and U.S. Set Faster, Riskier Exit Path When Americans go to the polls for mid-term elections in November, the state of the financial system and the economy will be a big issue. The Troubled Asset Relief Program, set up amid the 2008 financial crisis to shore up the industry, expires on Sunday. Benmosche said […]
AIG and U.S. Set Faster, Riskier Exit Path American International Group Inc and the U.S. government agreed on Thursday agreed on a plan that would accelerate the payback of bailout money and could yield a profit for taxpayers but also increase their risk. The plan comes a little over two years after AIG was first […]
AIG Lays out Government Exit Path, but Risks Rise American International Group Inc laid out a plan on Thursday that sets the company on a path for an accelerated payback of taxpayer bailout money, but also increases the risk for the government. The plan, which comes a little over two years after AIG was rescued […]