Monday, February 23, 2009
AIG in talks with U.S. government for more funds: source
American International Group Inc and the U.S. government are engaged in talks, as the troubled U.S. insurer faces massive losses due to writedowns on commercial real estate and other assets, according to a source and CNBC report on Monday.
AIG, once the world's largest insurer, is expected to post a loss of nearly $60 billion on Monday, when it reports its results, CNBC reported citing unnamed sources close to the company.
The talks with the government include the possibility of additional funds for the insurer and trading debt for equity, a source familiar with the matter told Reuters...
AIG in talks with U.S. government for more funds: source
AIG, once the world's largest insurer, is expected to post a loss of nearly $60 billion on Monday, when it reports its results, CNBC reported citing unnamed sources close to the company.
The talks with the government include the possibility of additional funds for the insurer and trading debt for equity, a source familiar with the matter told Reuters...
AIG in talks with U.S. government for more funds: source
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