Wednesday, March 17, 2010
AIG Draws $2.2 Billion More From Treasury to Bolster Units
American International Group Inc., the insurer rescued by the U.S., drew $2.2 billion more from a Treasury Department facility to bolster property-casualty units that will be the core of a scaled-back company.
AIG used the cash to redeem securities held by insurance subsidiaries, improving liquidity and a measure of capital adequacy watched by rating firms and regulators, said Mark Herr, a spokesman for the New York-based firm. The company owes more than $70 billion on Federal Reserve and Treasury facilities...
Business Week: AIG Draws $2.2 Billion More From Treasury to Bolster Units
AIG used the cash to redeem securities held by insurance subsidiaries, improving liquidity and a measure of capital adequacy watched by rating firms and regulators, said Mark Herr, a spokesman for the New York-based firm. The company owes more than $70 billion on Federal Reserve and Treasury facilities...
Business Week: AIG Draws $2.2 Billion More From Treasury to Bolster Units
Permalink posted by markw @ 5:06 AM 
 |
 |  |
  |
