Banking, finance, and taxes

AIG (AIG) To Dump Assets To Save Itself

AigAIG (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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