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Showing 21 - 30 of 40 results for "American International Group"

In defense of Citi

BENJAMIN ONG  |  TUESDAY, 25 NOV 2008
... But Lehman served its purpose. Lehman's failure is the reason why Fannie Mae and Freddie Mac and American International Group (AIG) still survive. The aftershock of Lehman bankruptcy served as a concrete and painful example of what happens when an institution ...

I'll have what she's having

BENJAMIN ONG  |  MONDAY, 27 OCT 2008
... pockets. In the same week that these institutions are begging to be included in the rescue lifeboat, American International Group (AIG) warned the Fed that it would probably need more than the US$123 billion of the taxpayer-funded loan the government ...

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 ...

Market Wrap - Morning

AAP  |  THURSDAY, 18 SEP 2008
... YORK - US shares plunged on Wednesday after the Federal Reserve's massive bailout of insurance giant American International Group failed to calm the financial markets and investors rushed for safe haven assets. The Dow Jones Industrial Average slid 449.36 ...

AIG Australia insulated from US woes

ALEX DUNNIN  |  WEDNESDAY, 17 SEP 2008
... [US]$85 billion bailout that would give the government an ownership stake in troubled insurance giant American International Group," reported the New York Times this morning. The US Fed has just confirmed the arrangement. "The Federal Reserve Board on ...

Moral hazard remains

BENJAMIN ONG  |  WEDNESDAY, 17 SEP 2008
... 2 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 ...

Market Wrap - Morning

AAP  |  WEDNESDAY, 17 SEP 2008
... nervous traders drew encouragement from reports of a possible rescue of troubled insurance giant American International Group. The market also appeared encouraged by the Federal Reserve's decision to hold interest rates steady despite the recent market ...

Look out below

BENJAMIN ONG  |  TUESDAY, 16 SEP 2008
... America's US50 billion take-over of America's third-biggest investment bank -- Merrill Lynch -- and American International Group begging for A US$40 billion bridge loan from the US Federal Reserve. Reports that the Fed has further expanded its lending ...

Whac-a-mole

BENJAMIN ONG  |  MONDAY, 15 SEP 2008
... and Freddie Mac early last week quickly faded as problems in Lehman Brothers, Washington Mutual and American International Group reminded investors that the problems in the US financial sector remain. Even the National Australia Bank (NAB) was dragged ...

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 ...