AIG sale of ILFC to be submitted for national security review

Mon Dec 10, 2012 6:16am IST

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Dec 9 (Reuters) - AIG and the Chinese group that has agreed to buy AIG's aircraft leasing business ILFC will submit the deal to the Committee on Foreign Investment in the United States for review, AIG said on Sunday.

AIG is selling up to 90 percent of ILFC to the group, which intends to leave the company based in the United States. The inter-agency committee, also known as CFIUS, vets foreign deals for security concerns.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.