BUSINESS
04/20/2010 05:12 am ET Updated May 25, 2011

AIG Derivatives Sale CANCELED, Insurer Could Retain $500 Billion In Risky Positions

AIG has shelved plans to sell the whole of its derivatives portfolio, which nearly destroyed the insurer in 2008. It believes that keeping up to $500bn worth of complex positions could help it to survive as an independent entity and repay US taxpayers.

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