NU Online News Service, Sept. 29, 3:36 p.m. EDT
American International Group (AIG). has started speaking with federal stakeholders in the company about a plan to repay taxpayers.
"We have begun discussions with the Federal Reserve Bank of New York, the U.S. Treasury and the trustees of the AIG Credit Facility Trust on a proposed strategy to repay the FRBNY Credit Facility and allow the government to exit its ownership relationship with AIG," said Christina Pretto, an AIG spokeswoman.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.