AIG pays $6.9bn to US Treasury

AIG has repaid a further $6.9bn (£4.3bn) of its debt with the US Treasury, as it attempts to recover from its crisis-era troubles. The payment brings the total amount recovered by the US government from its $411bn Troubled Asset Relief Program (TARP) to 70 per cent. AIG paid the money from the proceeds of its sale of shares in insurer MetLife, shares it acquired when MetLife bought its Ailco international unit last year.