Yes folks, it seems once is not enough. Seeking to boost income, American International Group Inc. is creeping back into the business of securities lending—just three years after missteps there helped push the insurer to the brink of collapse, the Wall St Journal reports.
The disclosure came in the New York company's third-quarter regulatory filing, which showed a $4.1 billion net loss for the quarter. AIG also unveiled a surprise $1 billion share buyback program aimed at supporting its stock price, which has languished since a stock offering in May. AIG shares closed Thursday at $24.63, up 44 cents or 1.8%, before falling to $24 in after-hours trading…
Learn more at http://online.wsj.com/article/SB10001424052970203716204577016282010887016.html?mod=WSJ_hp_LEFTWhatsNewsCollection
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