Login
ISCOVER
American International Group (AIG) could become the third major victim of the credit crisis in a week as it struggles to source additional capital to stay afloat.
According to Bloomberg, the insurer is seeking a loan of at least $US75 billion ($A94 billion) through Goldman Sachs and JPMorgan Chase & Co, after the Federal Reserve declined to provide it with funding.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
AIG’s share price fell 61 per cent yesterday to $US4.76, ($A5.95) – a fall of 92 per cent for the year.
Published: 16-09-08
Today's other stories
