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AIG Profits in Wind-Down

Against the odds, the derivatives-trading business that nearly brought down American International Group Inc. has turned into a profit center.

The New York-based insurer's once-struggling AIG Financial Products division has generated $4 billion in operating profits since the start of 2009 while unwinding the bulk of its derivatives trades, company executives said Friday. Its remaining positions could yet make an added $1.3 billion over the next few years if the economy avoids a sharp downtu

Read the full article at the Wall Street Journal

 

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