Home Breadcrumb caret News Breadcrumb caret Industry U.S. government sells majority stock in AIG The United States federal government has sold the majority of its common stock in American International Group Inc. (AIG), receiving proceeds of $20.7 billion. The U.S. Treasury and Federal Reserve Bank of New York provided a $182 billion bailout to AIG following the 2008 financial crisis. The government now owns about 16% of AIG’s stock, […] By Canadian Underwriter, | September 18, 2012 | Last updated on October 30, 2024 1 min read Plus Icon Image The United States federal government has sold the majority of its common stock in American International Group Inc. (AIG), receiving proceeds of $20.7 billion. The U.S. Treasury and Federal Reserve Bank of New York provided a $182 billion bailout to AIG following the 2008 financial crisis. The government now owns about 16% of AIG’s stock, down from about 53%, according to the company. According the Treasury, the U.S. government has received a combined positive return of approximately $15.1 billion from the overall bailout figure, totaling more than $197 billion. Canadian Underwriter Print Group 8 LinkedIn LI X (Twitter) logo Facebook Print Group 8
