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Banks cluster around giant AIG block trade

The US insurer lines up a panoply of western investment banks for one of the largest block trades in Asia in 15 years

The insurer American International Group, one of the largest casualties of the financial crisis, has lined up a panoply of western investment banks for one of the largest block trades in Asia in 15 years.

AIG is selling a $6bn stake on Asian insurer AIA Group.

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