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AIG spurns calls for a breakup, opts for streamlining instead

Mr Hancock told analysts AIG has evolved into a company that had lower risk, fewer assets and less short-term borrowing compared with other SIFI companies like Prudential and MetLife.

New York

AT American International Group, big is still better, at least for now.

The insurance giant, which became the starkest example of "too big to fail" when it had to be rescued by the government during the financial crisis, is now trying to streamline itself to be more...