Tuesday, March 02, 2010
TARP Losses Projected Lower, to $117 Billion
American International Group Inc.'s moves to sell two large life-insurance units will give a boost to the U.S. government's efforts to recoup its taxpayer-funded investments in hundreds of banks, insurers and other companies. But losses on the rescues still are expected to hit about $117 billion.
AIG said Monday it expects to raise $35.5 billion from the sale of American International Assurance Ltd. to Prudential PLC. AIG is separately expected to reach a deal to sell American Life Insurance Co. to MetLife Inc. for $15 billion. Proceeds from the two sales would pay off nearly 40% of the $130 billion...
WSJ: TARP Losses Projected Lower, to $117 Billion
AIG said Monday it expects to raise $35.5 billion from the sale of American International Assurance Ltd. to Prudential PLC. AIG is separately expected to reach a deal to sell American Life Insurance Co. to MetLife Inc. for $15 billion. Proceeds from the two sales would pay off nearly 40% of the $130 billion...
WSJ: TARP Losses Projected Lower, to $117 Billion
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