AIG Stripped of ‘Too Big to Fail’ Label by U.S. Regulators

Insurer AIG will no longer face the stricter federal oversight of a “too big to fail” institution following a vote Friday by a panel of top US financial regulators. The Financial Stability Oversight Council voted 6-3 to strip AIG of the designation that its failure could “pose a threat to US financial stability,” according to a…

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