American General Finance Cuts 900 Jobs

AIG’s American General Finance has cut 900 jobs so far this year, or 11% of its workforce. The firm also shut 145 of its 1,400 branches.

The company has not ruled out further cost-cutting measures.

American General Finance, a subsidiary of AIG, is a provider of loans, retail financing and other credit related products. It is based in Evansville, Indiana, with branch locations in 45 states, Puerto Rico and the US Virgin Islands.