Market Overview

AIG Issues Statement Following FSOC Final Determination

Share:
Related AIG
8 Biggest Price Target Changes For Friday
Barclays Raises Targets On Insurance Stocks Ahead Of Q3 Earnings
Deutsche Bank Saga Is Brexit All Over Again (Seeking Alpha)

American International Group, Inc. (NYSE: AIG) issued the following statement regarding the Financial Stability Oversight Council's (FSOC) final determination that AIG should be supervised by the Federal Reserve Board:

“After the close of business on July 8, 2013, AIG received notice from the U.S. Treasury that the Financial Stability Oversight Council (FSOC) has made a final determination that AIG should be supervised by the Board of Governors of the Federal Reserve System as a systemically important financial institution pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act. AIG did not contest this designation and welcomes it.”

Posted-In: News

 

Related Articles (AIG)

View Comments and Join the Discussion!