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U.S. Regulators Label AIG, GE Capital Systemically Important

American International Group Inc. and General Electric Co.’s finance unit were designated systemically important by U.S. regulators, a ruling the companies had already agreed to accept.

The vote by the Financial Stability Oversight Council subjects AIG and GE Capital to heightened Federal Reserve oversight, the Treasury Department said in a statement today in Washington. The council, or FSOC, proposed the designations of the two companies and Prudential Financial Inc. on June 3 and gave them 30 days to appeal. AIG and GE Capital said last week they wouldn’t contest the decision, and Prudential said it will.