QUOTE AND NEWS
Forbes  Jun 10  Comment 
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the FTSE RAFI US 1000 Portfolio (AMEX: PRF) where we have detected an approximate $33.3 million dollar inflow -- that's a...
Reuters  Jun 5  Comment 
AIG's sale of its airplane-leasing business to a Chinese consortium overcame a key financing stumble and has likely cleared a major U.S. regulatory hurdle as well, but questions...
Forbes  Jun 5  Comment 
The financial crisis is disease that Bank of America can't seem to get rid of.
TheStreet.com  Jun 5  Comment 
NEW YORK (TheStreet) -- CHANGE IN RATINGS American International rated new Neutral at Nomura. $46 price target. Company may struggle to generate strong ROE. Apache upgraded at Deutsche from Hold to Buy, Deutsche Bank said. $105 price...
Bankstocks.com  Jun 5  Comment 
American International Group Inc (AIG.N) argued on Tuesday that a proposed $8.5 billion settlement between Bank of America Corp (BAC.N) and investors in Countrywide
Clusterstock  Jun 4  Comment 
DETROIT (Reuters) - American International Group Incand General Motors Cowill rejoin the S&P 500 index this week, marking a key milestone in the recovery of two companies that needed billions of dollars to stay afloat during the financial...
MarketWatch  Jun 4  Comment 
Federal regulators charged with identifying risks to the economy -- in a long awaited action -- on Monday designated some firms other than banks as systemically important. Government officials did not disclose the names of designated firms but...




 

After its excessive risk-taking necessitated a dramatic bailout from the federal government, AIG is finally poised to be returned to common shareholders. Though still a major presence in property-casualty and life insurance, the new AIG will be a smaller insurance organization, having shed a good deal of its global growth potential. AIG has no economic moat, in our opinion, and the onetime insurance leader will have a difficult time returning to its former dominant position. AIG is still one of the largest insurance and financial services firms in the world, even after disposing of its Asian insurance subsidiaries. It operates through a wide range of subsidiaries that provide general insurance, life insurance, and other financial services. The government has started selling its shares in 2011, and ownership will eventually be returned to common equity shareholders.

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