Prudential’s billions will not pay off AIG’s bailout debt
A $35bn deal with Prudential will not be enough to pay off the insurer’s debt to the US taxpayer
A few billion pounds from the man from the Pru will help. But even after offloading its Asian business, AIA, to Britain’s Prudential for $35.5bn (£23bn), the US insurer AIG faces an epic struggle to pay back [...]
