AIG CEO won't rule out capital raise as shares plummet
(BESTWIRE) As they announced a third consecutive quarterly loss, the leadership at AIG would not rule out the possibility of a capital raise during a conference call to discuss the company’s second-quarter earnings Reinsurance reports.
“We’re doing our best to reserve as much capital as we can,” said Chief executive officer Robert Willumstad. ”Our current position, we think, is satisfactory. Future losses can change that assumption
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