U.S. Treasury Declines Comment on Additional Funds for AIG, Citi
“No comment,” Treasury Spokeswoman Stephanie Cutter told reporters at the Treasury Department when asked about both firms.
American International Group Inc. and the U.S. government are engaged in talks that include the possibility of additional funds for the insurer and trading debt for equity, a source familiar with the matter said Monday.
Citigroup is in talks to give the government a larger stake, a person familiar with the matter said. That could provide the government with a far greater say in the affairs of the ailing banking giant.
(Reporting by Corbett B. Daly; Editing by Dan Grebler)