The Federal Stability Oversight Council may decide to remove federal oversight of American International Group as early as Friday, The Wall Street Journal reported, citing people familiar the the matter. The outcome of whether AIG will continue to be considered a systemically important financial institution — which subjects the insurer to Federal Reserve oversight — isn’t certain, the report said. Shares of AIG, which was bailed out by the federal government during the financial crisis, edged higher in after-hours trade.
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