X

AIG Repays $2.3 Billion – Seeks New Loan Terms

Shares of American Insurance Group, Inc. increased by almost fifteen percent on Friday as the company paid $2.3 billion into the $85 billion borrowed from the U.S. government in September. Another factor playing into the 27-cent jump was the rumored possibility of a renegotiation of terms on the loan. Spokespeople from both AIG and the federal government refused to comment on the reports.

Let us hear your thoughts below:

Related Post