Embattled insurance titan AIG scrambling for bridging finance of $75bn turns to Federal Reserve and State of New York; Shares plunge 61%
Sep 16th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Embattled insurance titan AIG - American International Group - scrambling for up to $75bn in bridging finance, on Monday turned to the Federal Reserve and the State of New York for assistance, as its key credit ratings were cut.