Special News on AIG/AIA - AIG update: The crisis saga goes on; AIA put into trust
Source: Asia Insurance Review | Apr 2009
Three insufficient rescue loans by the US government amounting to US$150 billion and a fourth quarter net loss of $61.7 billion in 2008 – the biggest ever by a company in a single quarter – now AIG gets another $30 billion of lifeline and places two of its crown jewels into trusts. We look at the latest turn of events in the AIG crisis saga.
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