DJIA falls as American International Group, Inc. (NYSE: AIG) climbs higher unexpectedly

American International Group, Inc. refunds $ 4 billion to Federal reserve

In brief: American International Group, Inc. (NYSE: AIG) shares started to rise, following return of a loan. The Dow Jones Industrial Average fluctuating because of mixed dynamics.

The Dow Jones Industrial Average fell into the red zone after a successful start of bidding. American International Group, Inc. (NYSE: AIG) shares gained +0.25 (0.71%), rising to 35.42 points.

The largest U.S. insurance company American International Group, Inc. (AIG) refunded to the federal government the $ 4 billion earlier allocated by the U.S. administration to save the company from bankruptcy. The necessary funds were obtained through sale of International Lease Finance Corp of the financial giant, the world’s largest aircraft leasing company, for $ 4.4 billion. This was the largest tranche refundeded by AIG since allocation of the loan. As a result, AIG’s debt has been reduced to $ 15 billion. As reported earlier, the Federal reserve allocated to AIG a $ 180 billion credit.

Ukrainian Globalist
2010-08-23 15:55, Economics.

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