J.P. Morgan, Citigroup Global Arrange AIG Amended Facility

AIG entered into an amended and restated five-year $4 billion bank credit facility. Thirty-three banks participated in the facility with J.P. Morgan Securities and Citigroup Global Markets acting as lead arrangers.

WSJ: GE Capital, AIG Designated ‘Systemically Important’

The Wall Street Journal reported that members of the Financial Stability Oversight Council voted unanimously to designate GE Capital and AIG as “systemically important.”

GE Capital Tagged as ‘Systemically Important’

Reuters reported that in a long-anticipated move aimed at cracking down on market risks, U.S. regulators have proposed designating AIG, Prudential Financial and GE Capital for heightened regulatory oversight.