AIG gets $40 billion injection from Treasury

Tue Nov 25, 2008 8:51pm EST
 
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(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.

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
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