U.S. Profit from Citigroup Bailout: $12 Billion
The Citigroup bailout is officially over: The U.S. Treasury has sold the last of its shares of the bank. Overall, the U.S. government netted $12 billion in profit from the $45 billion bailout.
U.S. bailout
AIG's Asian Life Insurer IPO: Overwhelming Institutional Demand?
Institutional demand for American International Group's $15 billion initial public offering for AIA, its Asian life insurance unit, is so strong that AIG may close it to institutional buyers two days earlier than planned.