Market Overview

AIG Issues Statement Following FSOC Final Determination

Share:

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!
Fastest Market News Application
You'll Hear It First On Pro
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com

Benzinga's M&A Chatter for Tuesday July 9, 2013

Market Wrap for Tuesday, July 9: Major Averages Closing in on Previous Highs