WASHINGTON--American International Group is in talks with federal regulators about getting an additional cash infusion in order to stave off a bankruptcy filing, its officials indicated this afternoon.
"We continue to work with the Federal Reserve Bank of New York to evaluate potential new alternatives for addressing AIG's financial challenges," said AIG spokesman Peter Tulupman.
Confirming a report on CNBC this afternoon, Mr. Tulupman said that AIG has not yet reported fourth quarter and year-end 2008 results.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.