The U.S. government will interview 10 banks to manage a public offering of its stake in AIG, The Wall Street Journal reports. The Treasury is aiming to sell stakes of about $15-20 billion in the secondary offering.
A consortium of banks has recently provided unsecured loans to AIG through a new revolving credit facility and may win the role in the stake sale. The banks extending the credit facility includes JP Morgan Chase, Citigroup and Bank of America.
Click here for the story from The Wall Street Journal.
