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AIG gets $40 billion injection from Treasury

The logo of American International Group Inc. (AIG) on the outside of their corporate headquarters in New York, November 10, 2008. REUTERS/Mike Segar

The logo of American International Group Inc. (AIG) on the outside of their corporate headquarters in New York, November 10, 2008.

Credit: Reuters/Mike Segar

Tue Nov 25, 2008 8:51pm EST

(Reuters) - American International Group Inc (AIG.N) says it has completed completed a $40 billion preferred stock sale to the U.S. Department of Treasury under TARP.

* Says to use proceeds to reduce borrowings under original credit agreement with Federal Reserve Bank of New York.

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