Fortress Funds To Buy 80% Stake In AIG Subprime-Lending Unit

By Aug 11, 2010, 12:44 PM Author's Blog  

American International Group Inc. (AIG) said on Wednesday it agreed to sell 80% of its subprime-lending arm to private-equity group Fortress Investment Group, and take a $1.9 billion pre-tax loss due to the sale. The two firms didn’t disclose the price for the unit – WSJ

  • SHARE:
  • Share on StockTwits

LEAVE A COMMENT

SPY206.52  chart+0.88  chart +0.43%
GOOG516.35  chart+5.25  chart +1.03%
AAPL111.78  chart-0.87  chart -0.77%
TSLA219.29  chart+1.03  chart +0.47%
BBRY9.99  chart-0.08  chart -0.79%
NFLX340.12  chart+5.70  chart +1.70%
FB79.88  chart+1.48  chart +1.89%

Nikkei17621.4  chart+411.35  chart +2.39%
Shanghai3108.596  chart+51.075  chart +0.00%
UK6545.27  chart+79.27  chart +1.23%
France4241.65  chart-7.84  chart -0.18%
Germany9786.96  chart-24.10  chart -0.25%