Today news
About the same in other media
AIG to close infamous financial crisis unit for good
Reading now: 475
fnlondon.comAmerican International Group’s infamous financial products unit — the one that nearly took down the global economy in 2008 with wrong-way bets on mortgages — is on its way to an official demise.
AIG announced on 14 December that the unit has filed a voluntary petition for chapter 11 bankruptcy in Delaware, as a way to close for good. Back in 2008, the woes of AIGFP, as it is known, caused its parent to teeter on the edge of bankruptcy. To stave off collapse, AIG took one of the US government’s biggest bailout packages, reaching...
Read more on fnlondon.comAbout this in other media
White House Looks at Benefits to Lure Americans Back Into Workforce wsj.com /1 year ago
White House Looks at Benefits to Lure Americans Back Into Workforce wsj.com /1 year ago
Fidelity plans NFT marketplace and financial services in the Metaverse cointelegraph.com /1 year ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
