NU Online News Service, May 6, 11:02 p.m. EDT
Robert H. Benmosche, president and CEO of American International Group Inc., says the company is "ready to move forward" after reporting an 85 percent drop in first-quarter net income.
AIG income fell due primarily to $1.7 billion in pretax catastrophe losses and a $3.3 billion pretax charge related to paying back debt to the Federal Reserve Bank of New York (FRBNY).
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