Search Info On This Blog

Wednesday, July 27, 2011

American International Group is an insurance company From United States Of America

American International Group, Inc. (AIG) (NYSE: AIG) is an American insurance corporation. American International Building in New York his seat. The British headquarters of the Office is on Fenchurch Street in London, continental Europe operations are based in La Défense, Paris, and its Asian headquarters office is in Hong Kong. For the list of Forbes Global 2000 2011 AIG was 29. the largest public company in the world. It was listed on the Dow Jones Industrial Average of 8 April 2004 to September 22, 2008.

AIG suffered a liquidity crisis its credit ratings have been downgraded below "AA" levels in September 2008 " United States on September 16, 2008-Federal Reserve Bank has created a to $ 85 billion credit facility to the company respond to the increased obligations incidental result of the downgrade rating of credit, in exchange for the issuance of a warrant of stock to the Federal Reserve Bank 79.9% of the equity of AIG. The Federal Reserve Bank and the Treasury of United States in May 2009 had increased the financial potential support for AIG, with the support of an investment of $ 70 billion, a $ 60 billion credit line and 52.5 billion to buy assets based on the mortgage held or guaranteed by AIG, increase the total amount available for 182.5 billion. AIG subsequently sold a number of subsidiaries and other assets to repay the loans received and continues to seek buyers of its assets.
For More Info Visit: Insurance Quotes

No comments:

Post a Comment

 

blogger templates | Make Money Online