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A former employee, who was laid off last week, tells WDBJ7 everyone in those offices have either lost or are losing their jobs.
The Christiansburg office of the American General Life and Accident Insurance Company looks abandoned.
This time last week, it was fully staffed.
But a former employee tells us last Thursday at 11:00 a.m. employees were told AIG was closing almost all of it's financial network offices in the U.S.
originally posted by: FamCore
a reply to: dawnstar
No worries at all.
Hmm perhaps they have too much invested in Chinese companies to jump ship on those yet?
China's markets are crashing... it does raise a number of questions....
The bottom line is that AIG and Prudential will need to assure shareholders that they’re taking as much action as possible to reduce the amount of capital they have to set aside as nonbank SIFIs so that it is available for shareholders, analysts said. Under the Fed’s oversight, they’re expected to have ample money on hand as a capital cushion to address unexpectedly large losses and avoid harming the broader economy in a collapse.
AIG has been feeling heat since last fall to take dramatic steps to “de-SIFI,” as companies and analysts put it. That’s when billionaire investors Carl Icahn and John Paulson publicly revealed proposals they have put to the global insurance conglomerate to break into three separate companies as a way to become small enough to escape the SIFI tag.