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Showing 161 - 170 of 212 results for "AIG"

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
... yet under 'conservatorship,' Lehman Brothers was still operating, Merryll Lynch did not need money from Bank of America and AIG was still a proud insurance giant. And back then, global economic growth was much stronger. Will US$247 billion be enough ...

Market Wrap - Midday

AAP  |  THURSDAY, 18 SEP 2008
... Banking stocks dragged the Australian share market down at noon as the bailout of insurance giant American International Group (AIG) failed to calm global financial markets. At 1200 AEST, the benchmark S&P/ASX200 was 166.8 points or 3.53 per cent lower ...

America on its knees

BENJAMIN ONG  |  THURSDAY, 18 SEP 2008
The bloodbath continues. The Federal Reserve's US$85 billion bailout of American Insurance Group (AIG) proved insufficient to calm the financial market panic that appears to be increasing by the day. The overnight sell-off saw more than three years' ...

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
While the US Fed has offered to provide AIG Life $100 billion in liquidity funding, AIG's Australian customers are well insulated from any fall-out. "Acting to avert a possible financial crisis worldwide, the Federal Reserve reversed course on Tuesday ...

Moral hazard remains

BENJAMIN ONG  |  WEDNESDAY, 17 SEP 2008
... per cent before recovering on news reports that the US Treasury is considering taking over the American International Group (AIG) under a conservatorship - similar to Fannie and Freddie. Just when we thought US policymakers have finally seen the light ...

Look out below

BENJAMIN ONG  |  TUESDAY, 16 SEP 2008
... on the back burner as investors speculate on which institution would be the next to fail - Goldman Sachs? Morgan Stanley? AIG? The Fed may well need to lower interest rates whether it wants to or not. The US economy is slowing fast and the escalating ...

Whac-a-mole

BENJAMIN ONG  |  MONDAY, 15 SEP 2008
... it in the head with a bailout, Fannie Mae and Freddie Mac's heads popped -- whack. Who's next? Lehman Brothers, Wachovia, AIG? These are large institutions that are also likely to be in the US Treasury's view 'too big to fail.' However, while headlines ...

Market Wrap - Midday

AAP  |  MONDAY, 15 SEP 2008
... 55,059 contracts. Lehman Brothers continues its fight for survival in the US, while rumours circulated that insurance giant AIG is unsteady and Bank of America may be eyeing Merrill Lynch. Austock Securities Senior client adviser Michael Heffernan said ...

AIG takes group insurance online

MICHAEL HOBBS  |  MONDAY, 1 SEP 2008
AIG Life is moving its group insurance service online with eForm, an application process that will reduce administration workload and increase the number of applications that can be instantly approved. The eForm gathers all the mandatory underwriting ...

Bad news galore

BENJAMIN ONG  |  TUESDAY, 26 AUG 2008
... collateral conditions to prevent abuse by banks that try to leverage the system. Fitch Ratings put American International Group's (AIG) AA minus senior debt credit rating on credit watch. News on the global economy were not good either. Reuters reported ...