American International Group (AIG) has closed a debt-for-equity swap with the Federal Reserve Bank of New York that will slash its government debt by $25bn, in return for a stake in its two life insurance units, which will eventually...
American International Group (AIG) has closed a debt-for-equity swap with the Federal Reserve Bank of New York that will slash its government debt by $25bn, in return for a stake in its two life insurance units, which will eventually...