American International Group on Friday reported a $2.4 billion loss in the third quarter as it continued to sell off assets in an effort to repay the U.S. Treasury.AIG's net losses included $4.5 billion in restructuring charges. The distress sale of American General Finance produced a $1.9 billion loss and the carrier reported a $1.3 billion goodwill impairment charge connected to the pending sale of AIG Star Life Insurance Co."We will continue with our aggressive plan to close pending transactions in order to repay the (Federal Reserve Bank of New York) in full, and provide for the exit o...
Comments