Vote of Confidence: 36 Banks Giving $4.3B In Credit To AIG

While its chief executive declared that it can "see the finish line," American International Group Inc. proved it can raise money from private investors by signing $4.3 billion in private-sector loan agreements.

By Chad Hemenway | Updated on January 02, 2011

While its chief executive declared that it can “see the finish line,” American International Group Inc. proved it can raise money from private investors by signing $4.3 billion in private-sector loan agreements.

The credit is considered a big step for the New York-based insurer, which is trying to carry out a plan to repay a massive government bailout in September 2008.

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