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Real Estate & Property Law

: Housing Wire

AIG to Restructure, Receive Up to $30B More From Treasury

By DIANA GOLOBAY

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American International Group Inc. (AIG: 0.4822 +14.81%) on Monday announced an agreement with the U.S. Treasury Department and the Federal Reserve to restructure and refocus its core business, potentially with the aid of additional government funds. The Treasury said it will exchange the existing $40 billion in preferred shares for new preferred shares under terms [...]

Full post as published by Housing Wire on March 02, 2009 (boomark / email).

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