AIG had to hire JPM to find cash? Worse then I thought
AIG could hold investor call as soon as Monday: source 09/12 01:33 PM
By Lilla Zuill NEW YORK (Reuters) - Under increasing pressure from shareholders, American International Group could announce details of its turnaround plan much sooner than expected, including possible asset sales and how it will shore up capital, according to a source familiar with developments. The Wall Street Journal reported late on Friday that AIG could hold an investor call as early as Monday, and business news channel CNBC said the insurer had hired JPMorgan to advise it on raising fresh capital, something it would work on through the week-end.