Tuesday, August 17, 2010

in fashion circles

A.I.G.. Nowadays, Breitling watches have become a trend in fashion circles. They are so popular that everyone is longing for one to add Nears a Sale of Consumer Lending Unit

The American International Group is nearing the potential sale of its consumer lending unit as the insurer seeks to completely repay its government bailout, the firm’s chief executive told DealBook on Friday.
A.I.G. is in the process of accepting bids on the unit,. Pandora bracelets online shop supply pandora beads,pandora bracelets,Silver,Gold,Murano Glass.We sure you will like when you see their workmanship. American General Finance, and hopes to announce a sale this month, the chief executive, Robert H. Benmosche, said in a telephone interview.
The firm said in its earnings report on Friday that it was seeking “a potential sale of all or a majority of its $2.4 billion investment” in the business.Selling off American General Finance is the latest rejiggering of A.I.G.’s business mix as it tries to pay back its multibillion-dollar government bailout. A.I.G. has already agreed to sell off two big foreign insurance units, the American Life Insurance Company and Nan Shan, and it is planning an initial public offering of a third, American International Assurance.
American General Finance, a unit based in Evansville, Ind., specializes in what Mr.. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,gold jewellery,women's jewellery.You can wholesale jewellery. Benmosche called high-yield lending — or, as he concedes others might call it, subprime lending.
What it needs to succeed, he says,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,wholesale jewellery. is a backer with a strong, stable deposit base. A.I.G. was able to emulate that when it still carried a triple-A credit rating, he said, but after the financial crisis the business has become a burden.“It’s now a potential drag on an investment-grade rating,” he said.

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