AIG Has Hand Out For $20 Billion

, also plans to sell $20 billion in assets. They will unload their aircraft-leasing arm, International Lease Finance Corporation, the world's largest aircraft leasing company, and possibly its annuities business and auto insurance unit to raise cash. They rejected investments from buyout firms KKR & Co., TPG Inc. and JC Flowers & Co. AIG has reportedly asked the Federal Reserve for a $40 billion loan. AIG stock fell 64 percent on the New York Stock Exchange, extending last week's 46 ...



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