Banking, finance, and taxes
AIG (AIG) To Dump Assets To Save Itself
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AIG (AIG) will sell several divisions to raise the capital it needs to stay independent.
According to The Wall Street Journal the big insurance company "plans to disclose a comprehensive restructuring by early Monday morning that is likely to include the disposal of major assets including its aircraft-leasing business and other holdings."
AIG’s new CEO said he was going to do this some time ago. What took so long?
Douglas A. McIntyre
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