New York  – In the week following the largest bailout in the financial services industry, New York-based American International Group is licking its wounds, as the government and marketplace make moves to salvage and control what they can of the company’s assets.

American Banker magazine reports that major shareholders are pursuing an effort to help pay off the federal government's loan to AIG in time to avoid having Washington take an 80% stake in the company, according to a person familiar with the matter.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access