AIG raises $37 billion to repay bailout money AIG says it has raised $37 billion from the recent sale of two foreign insurance units to help repay US government bailout money. AIG says it closed its sale of American Life Insurance on Monday to MetLife for $16.2 billion. It said last week that it raised $20.51 billion through an initial public offering for AIA Group. The money will go toward paying off the more than $100 billion in outstanding debt and aid that the financial services company still owes the government. In late September, AIG announced a plan to repay ...

More...