AIG is ready to sell its S&L business as soon as regulators label the insurer a SIFI. The...

|By:, SA News Editor
AIG is ready to sell its S&L business as soon as regulators label the insurer a SIFI. The insurer is waiting to sell the unit in so there will be no break in regulatory oversight (from the Fed). As to new businesses, CEO Benmosche has his eye on mortgages, not just insuring them (through a resurgent UGC), but originating and owning them as well.