Tuesday, June 30, 2009
AIG says swaps exposure could lead to more losses
Embattled insurer American International Group Inc. disclosed in a regulatory filing that it could face additional losses on credit default swaps remaining on its books.
As of March 31, AIG had about $192.6 billion outstanding of the swaps, which were primarily written for European financial institutions. Continued declines in the value of the contracts could have a "material adverse effect" on the insurer's financial results...
Forbes: AIG says swaps exposure could lead to more losses
As of March 31, AIG had about $192.6 billion outstanding of the swaps, which were primarily written for European financial institutions. Continued declines in the value of the contracts could have a "material adverse effect" on the insurer's financial results...
Forbes: AIG says swaps exposure could lead to more losses
Permalink posted by markw @ 6:57 AM 
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