AIG, which wants to spin off its Taiwan-based Nan Shan Life Insurance unit, has a few live ones nibbling on the line to snap it up, according to a Bloomberg report. The company has disclosed in an SEC filing that Nan Shan has attracted unsolicited offers ranging from $2.15 billion to $3 billion.
Berkshire Hathaway CEO Warren Buffett extracted onerous terms from Goldman Sachs when he saved it from a potential meltdown. Two years later, Wall Street is healthy again, Goldman wants Buffett out of its hair, and he's looking at a $3.5 billion profit on that $5 billion lifeline.
The U.S. Department of the Treasury announced Thursday that it has sold all of the trust preferred Citigroup shares it held for a net profit to the taxpayer of $2.246 billion. In addition, Treasury also announced it sold 1.5 billion shares of Citigroup common stock, according to a plan announced in July, lowering its stake in the bailed out bank from 18% to 12.4%.