AIG rallies after slashing federal debt
American International Group (AIG)'s debt-for-equity swap with the Federal Reserve Bank of New York will slash its government debt by $25bn for a stake in its two life insurance units.
AIG rallies after slashing federal debt
American International Group (AIG)'s debt-for-equity swap with the Federal Reserve Bank of New York will slash its government debt by $25bn for a stake in its two life insurance units.