Bloomberg reports that the U.S. Treasury Department may announce plans as early as this week to return American International Group Inc. (AIG) to independence and recoup taxpayer money from the insurer’s bailout. The biggest part of that strategy is for Treasury to begin converting its $49 billion preferred stake into common stock for sales by the first half of next year, according to three people with knowledge of the talks.
Related Articles
How AIG Financial Products Crashed the World
July 15, 2009
James Kwak
AIG Halts Efforts to Sell Chartis
December 22, 2009
WSP
AIG (AIG) Rallies in Extended Trading As Solid Q2 Results Surprise Wall Street
August 4, 2014
WSP
Be the first to comment
This site uses Akismet to reduce spam. Learn how your comment data is processed.
Leave a Reply