American International Group, Inc
| last | change | volume |
|---|---|---|
| 34.23 | -0.88 (-2.51%) | 21.01M |
About
flag this descriptionAmerican International Group, Inc. (AIG) (NYSE: AIG) is an American insurance corporation. Its corporate headquarters are located in the American International Building in New York City. The British headquarters office is on Fenchurch Street in London; continental Europe operations are based in La Défense, Paris, and its Asian headquarters office is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was once the 18th-largest public company in the world. It was listed on the Dow Jones Industrial Average from April 8, 2004 to September 22, 2008.
AIG suffered from a liquidity crisis when its credit ratings were downgraded below "AA" levels in September 2008. The United States Federal Reserve Bank on September 16, 2008, created an $85 billion credit facility to enable the company to meet increased collateral obligations consequent to the credit rating downgrade, in exchange for the issuance of a stock warrant to the Federal Reserve Bank for 79.9% of the equity of AIG.
Full description of American International Group at Freebase
Market Capitalization4.619B
52w Range8.22 - 55.90
1yr Target24.17
Dividend (Yield)0.00 (N/A)
Average Volume (3m)13,983,900
5-Day Activity Chart
Updated Mar 12 4:01pm ET
It greatly facilitates the efforts of each of those agencies to evaluate and determine whether to bring charges.
These are often incredibly complicated cases ... Prosecutors need strong and unequivocal evidence of wrongdoing.
It's a very damaging report and certainly is something that is going to be carefully scrutinized by federal prosecutors
I think what Lehman was doing was way out there and quite misleading, and against the financial reporting and accounting rules
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