AIG crisis appears over
17 September 2008 | People and Companies | News | insuranceNEWS.com.au
The AIG crisis appears over. The US Federal Reserve has come to the rescue, announcing a two-year line of credit worth $US85 billion ($105.6 billion). The loan will allow the world’s largest insurer to restructure without engaging in a fire sale of assets.
Local operations of AIG haven’t been affected by the company’s financial woes.
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