Eager to show taxpayers it intends to deliver and repay the $182.3 billion bailout it received during the financial crisis, insurance giant American International Group (AIG) announced that it has raised nearly $37 billion to repay the U.S. government.
AIG said it closed the sale of insurance subsidiary American Life Insurance Company (ALICO) to MetLife (MET) today for approximately $16.2 billion,…
Continue reading AIG Raises $37 Billion to Repay U.S. Government
AIG Raises $37 Billion to Repay U.S. Government originally appeared on DailyFinance on Mon, 01 Nov 2010 08:55:00.
Filed Under: Company News, American International Group, Stocks in the News