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U.S. expects to earn $15.1 billion from bailing out AIG: Treasury

AIG

The U.S. Treasury further reduced its stake in American International Group and said on Tuesday that the United States would now profit $15.1 billion from bailing out the insurer.

 

Treasury to Sell $4.5 Billion in AIG Stock

The U.S. Treasury Department launched its fourth sale of shares in American International Group, with the insurer committing to repurchase two-thirds of the $4.5 billion in shares being offered to the public.

 

AIG stock falls after $8.7 billion share sale

Shares of American International Group Inc fell more than 3 percent on Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of stock.

 

AIG to repay $21bn emergency loan

Troubled insurer AIG is to repay a $21bn bail-out loan, paving the way for a share sale by the US Treasury.

 

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