AIG and overseers reportedly are in talks to accelerate its aid exit

09/14/2010 | Wall Street Journal, The

American International Group is striving to regain independence and repay the U.S. government in full earlier than planned, sources said. The Treasury Department is expected to convert billions in AIG preferred shares into common shares, then gradually sell off those shares to individual investors. The move could earn the government a profit and would reduce the Treasury's ownership of AIG.

View Full Article in:

Wall Street Journal, The

Published in Brief: