Shares of American International Group Inc. advanced in the extended session Friday after the Treasury Department’s Financial Stability Oversight Council said the insurer no longer posed a threat to U.S. financial stability. AIG shares rose 1.7% to $62.45 after hours. The council voted six to three that AIG was no longer a risk to financial stability. Under the Dodd-Frank Act, the FSOC determined in July 2013 that “material financial distress” at AIG “could pose a threat to U.S. financial stability” and should be subject to supervision by the Federal Reserve.
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