BMO buying AIG Life of Canada for $375M
"AIG Life of Canada has about 300 employees and 400,000 customers. Bloomberg said the business posted about $571.4 million in revenue through the first six months of 2008."
In what seems a positive move, a Canadian Bank is to acquire a significant part of American International Group Inc. Should this be seen as a positive sign for Bank liquidity? Given Minister Flaherty's recent comments and efforts, are we beginning to see some reaction from the Banking and Investment community representative of these efforts?