1. AIG Sheds Too-Big-to-Fail Label in Victory for CEO, Icahn

    AIG Sheds Too-Big-to-Fail Label in Victory for CEO, Icahn

    American International Group Inc. is no longer too big to fail. That was the ruling Friday from the Financial Stability Oversight Council, which said AIG, whose collapse in 2008 reverberated throughout the U.S. economy, was no longer a systemically important financial institution...

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    1. This action demonstrates our commitment to act decisively to remove any designation if a company does not pose a threat to financial stability.
    2. The council's decision reflects the substantial and successful de-risking that AIG's employees have achieved since 2008.
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