US to mull if AIG should still be tagged ‘systemically important’
The US Financial Stability Oversight Council will on Friday discuss a proposal to remove the “systemically important financial institution” label from American International Group, according to sources. The SIFI label subjects the US insurer to stricter oversight than it would otherwise face, including supervision by the Federal Reserve. (WSJ)

Lehman to sell stake in Formula One
Lehman Brothers is set for a cumulative payout worth $1.5bn, after the proposed sale of its residual stake in Nasdaq-listed Formula One. Goldman Sachs is managing the sale of the shares held by the bankrupt US bank’s investment vehicle LBI. (Guardian)