AIG announced it has not received about $420 million required as an interim step toward completion of the sale of its leasing subsidiary to a Chinese investment group sometime in June.
However, this snag—and the potential it raises that the sale could fall through—is unlikely to delay designation of AIG as a systemically significant nonbank by the government—a step that could occur as early as June 3.
Speculation centers on AIG, Prudential Financial, GE Capital to be the first non-bank SIFIs designated.
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