Banks Repaying Aid, American International Group | featured news

(Image from article: "AIG Ditches Payback Plan")

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AIG and government agree on plan to pay back taxpayers

American International Group Inc and the U.S. government agreed on a plan that would see the insurer repay taxpayers fully for bailing it out at the height of the financial crisis.

AIG Ditches Payback Plan

American International Group and federal overseers have decided to scrap a plan to use cash flows from life-insurance policies to repay $8.5 billion in federal aid as the market recovery has opened up other options.

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