AIG "creeping back" to securities lending - WSJ
04 November 2011 New York
Image: Shutterstock
AIG is coming back to securities lending in a bid to boost income after a disappointing quarter, according to WSJ.
The disclosure came in the company's third-quarter regulatory filing, which showed a $4.1 billion net loss for the quarter.
The insurer also unveiled a surprise $1 billion share buyback program aimed at supporting its stock price, which has languished since a stock offering in May.
The disclosure came in the company's third-quarter regulatory filing, which showed a $4.1 billion net loss for the quarter.
The insurer also unveiled a surprise $1 billion share buyback program aimed at supporting its stock price, which has languished since a stock offering in May.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Â鶹´«Ã½ Finance Times
