Insurance giant AIG plans major overhaul

Manchester United sponsor American International Group (AIG) is today preparing to launch a major restructuring effort to save its battered finances.

Insurance giant AIG plans major overhaul
Mon, 15 Sep, 2008 - 15:50

Manchester United sponsor American International Group (AIG) is today preparing to launch a major restructuring effort to save its battered finances.

The global insurance giant is expected to announce an overhaul amid reports that it has asked the US Federal Reserve for a $40bn (€28bn) lifeline.

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CourtsBusinessHeathrowPlace: Wall StreetPlace: UKPlace: EssexPlace: LondonPlace: USPerson: Robert WillumstadPerson: John LewisPerson: Martin SullivanPerson: SullivanPerson: Maurice GreenbergEvent: Premier LeagueOrganisation: AIGOrganisation: Manchester UnitedOrganisation: American International GroupOrganisation: US Federal ReserveOrganisation: Man UnitedOrganisation: FedOrganisation: AIG UKOrganisation: AIG LifeOrganisation: AIG DirectOrganisation: ArgosOrganisation: BootsOrganisation: Standard & Poor
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