Treasury Seeks Banks For $20B AIG Issue

The U.S. government will interview 10 banks to manage a public offering of its stake inAIG,The Wall Street Journalreports. The Treasury is aiming to sell stakes of about $15-20 billion in the secondary offering.

A consortium of banks has recently provided unsecured loans to AIG through a new revolving credit facility and may win the role in the stake sale. The banks extending the credit facility includes摩根大通(JP Morgan Chase),CitigroupandBank of America.

Click here for the story fromThe Wall Street Journal.