Remember the hubbub over the ports ?
Related: Memory Hole: Dubai Defense Contractors
"AIG sells private bank to Abu Dhabi firm for $254m
American International Group, the insurer bailed out by the US government, agreed to sell a bank unit catering to wealthy clients in Asia and the Middle East to Abu Dhabi-based Aabar Investments PJSC for $254 million. The payment for AIG Private Bank is subject to adjustments based on asset values when the deal closes, Aabar said in a statement to the Abu Dhabi bourse. Aabar, which is majority-owned by Abu Dhabi's state-controlled International Petroleum Investment Co., will also assume loans of as much as $83 million. AIG is selling businesses including life and retirement services and a plane lessor to repay a government loan that saved it from bankruptcy in September (Bloomberg)."
How much are the bonuses the execs are getting out of this?
