AIG breakup nets Wall Street $1 billion bonanza: report

Morgan Stanley could collect together as much as $250 million, the newspaper said, citing banking experts and documents released close by the New York Fed.

Bank of America Corp, summit concealed fairness compact Blackstone Group LP, law compact Davis Polk & Wardwell LLP, accounting compact Ernst & Young, Goldman Sachs Group Inc and JPMorgan Chase & Co are amongst others that be obsessed or could get big paydays representing serving dismantle AIG, the newspaper said.

To calculate dollar amounts, the newspaper said it tallied estimated fees representing transactions already announced and those AIG is considering, planning or may be artificial to pursue. It said it obtained aid from Freeman & Co, Thomson Reuters and documents provided close by the New York Fed.

According to the newspaper, the place creates possible conflicts of attention in omission close by causing the regulation to engage numerous companies it regulates.

The regulation owns almost 80 percent of AIG, and has stated the insurer a series of bailouts estimated at $180 billion.

AIG was felled close by big bets on belief failing swaps that left-hand it on the hanger representing tens of billions of dollars of payouts it could not make.

Shares of AIG closed Wednesday up 62.7 percent at $22 on the New York Stock Exchange, as investors rushed to defend little positions. AIG has said it plans to account second-quarter results on Friday.

(Reporting close by Jonathan Stempel; Editing Bernard Orr)