Treasury to sell last AIG shares

U.S. poised to add big to rescue’s $15.1 billion profit

Posted: December 11, 2012 at 1:20 a.m.

Robert Benmosche, chief executive officer of American International Group Inc., speaks at a Nov. 30 event sponsored by the American Chamber of Commerce in Seoul, South Korea. On Monday, the Treasury Department said it planned to sell the remaining AIG shares held by the government stemming from its bailout of the company.

American International Group Inc.’s rescue is coming to an end more than four years after the U.S. government took over the company in bid to save the global economy in a bailout that fueled public resentment against Wall Street.

This story is only available from our archives.

Business, Pages 23 on 12/11/2012


« Previous Story

Markets rise on McDonald’s fare

Stocks edged higher Monday on Wall Street after a strong sales report from McDonald’s offset concerns about the surprise resignation of Italy’s prime minister. Investors al... Read »

Next Story »

Italian premier pledges to lead

A man in Milan, Italy, checks the Italian stock exchange Monday as the country’s stock market fell and Italy saw its borrowing costs jump as investors and European leaders worried about Prime Minister Mario Monti’s decision to resign earlier than expected.

Seeking to calm financial markets, Prime Minister Mario Monti said Monday he will lead Italy until the next go... Read »