Bankruptcy Law News
8/7/2008 12:40:48 PM EST
AIG loses more than $5B on credit market troubles
NEW YORK – (AP) American International Group Inc. said Wednesday that it lost more than $5 billion in the second quarter, as struggling credit markets stripped several billions of dollars in value from its credit default swaps portfolio and other investments.
The world's largest insurer lost $5.36 billion in the April-to-June period, or $2.06 per share. Full version (available to lexis.com subscribers)
Create an account or login to post comments.