Saturday, 4th July 2009

 

13 October 2008 - Press Briefing

AIG said to hire UBS for auction of Swiss private banking unit

American International Group has recruited UBS to auction its Swiss-based private banking division, AIG Private Bank, sources said, according to a Reuters report.

AIG, besieged by losses on distressed mortgage bets, is seeking to offload assets to repay a huge US government loan.

Tags: AIG Private Bank , American International Group , UBS

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