Thursday, June 25, 2009

 

AIG gets Fed clearance for international life IPOs

American International Group on Thursday said it's received approval from the Federal Reserve Bank of New York to proceed with initial public offerings of two of its international divisions, a deal that will see taxpayers recoup $25 billion of the money poured into the troubled insurer.

Depending on market conditions, AIG said it will prepare American International Assurance Co. and American Life Insurance Co. for IPOs...

MarketWatch: AIG gets Fed clearance for international life IPOs

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