AIG Consumer Lender Cuts 900 Jobs as Losses Mount

American International Group Inc.’s money-losing consumer lender slashed 900 jobs in the first half of the year as revenue plunged amid the recession.

American General Finance Corp. also closed 145 branches, the Evansville, Indiana-based lender said today in its quarterly report to regulators. The cuts represent about 11 percent of the 7,900 employees American General had as of Dec. 31, according to a separate regulatory filing. The company has about 1,400 branches according to its Web site.