MetLife unit’s SIFI off-ramp may pressure AIG as Icahn looms

January 18, 2016 by KATHERINE CHIGLINSKY, IAN KATZ

(Bloomberg) — After General Electric Co. began selling finance operations to exit too-big-to-fail status, American International Group Inc. Chief Executive Officer Peter Hancock said it wasn’t clear that escaping the government risk tag would offer significant benefits to his company.

Then in November, Hancock rebuffed investor Carl Icahn’s proposal to break up AIG into three insurers, even as the activist said his plan would help AIG exit its designation as a non-bank systemically important financial institution. Click HERE to read article 

Originally Posted at LifeHealthPro on January 13, 2016 by KATHERINE CHIGLINSKY, IAN KATZ.