WRAPUP 1-AIG mulls further govt stakes as auction deadline looms


* AIG may allow government to take control of assets - source * U.S. government may convert $40 bln into shares * China may still be interested in assets * U.S. Senate sets AIG March 5 hearing date * Bids for various AIG assets due Friday By Michael Flaherty and Paritosh Bansal HONG KONG/NEW YORK, Feb 26 (Reuters) - Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various ...

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