Items Tagged with 'American General Finance'

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  • AIG Buys Popular's Equity One for $1.5 Billion

    AIG unit American General Finance, Inc. will purchase Equity One, the U.S. consumer finance operations of Puerto Rico-based Popular, Inc., in a deal worth $1.5 billion. The sale includes "a signficant portion" of Equity One's mortgage loan and consumer loan portfolio, Popular said in a press statement Wednesday morning. "We are doing the things we have to do in the U.S. mainland as we focus on our core banking franchise," said Richard L. Carrion, CEO at Popular.
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