AIG reveals $972m payment to US Treasury after MetLife deal
AIG has announced that it had paid the United States Department of the Treasury $972m to reduce the liquidation preference on one of the special purpose vehicles created as part of the government's assistance to AIG.
In a statement AIG added the payment to the Treasury came primarily from funds released from the escrow held in connection with AIG's sale to MetLife of American Life Insurance Company last year.
As a
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