Friday, May 7, 2010

AIG Dismisses Goldman Sachs as Corporate Advisor

Certainly only the first of many, A.I.G., has replaced Goldman Sachs as its main corporate advisor, according to the New York Times today.

AIG will be hiring Citigroup and Bank of America.

"The move is the first in what some analysts warn could be a series of defections among Goldman’s clients after accusations — vigorously denied by Goldman — that it defrauded customers in a complex mortgage investment.”

It was about time.

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