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AIG is a multinational finance and insurance corporation founded in 1919 by Cornelius Vander Starr. It operates in more than 80 countries and provides various products and services, such as general insurance, life & retirement, and investment management.
Learn how the subprime mortgage crisis led to the bankruptcy of Lehman Brothers, the largest in U.S. history, on September 15, 2008. Find out the background, the events, and the consequences of the financial panic triggered by the collapse of the investment bank.
AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut , is considered to have played a pivotal role in the global financial crisis of 2008–2009 .
In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt. The solvency of other U.S. banks was severely threatened, forcing the George W. Bush government to intervene with the $700 billion bailout plan of the Troubled Asset ...
Learn about the operating entities and subsidiaries of AIG, a global insurance conglomerate, in over 130 countries. Find out its business areas, international holdings, aerospace, real estate, skiing and other holdings.
AOL Mail offers secure and personalized email with features like AOL Mail, news, and weather for free. You can also access your email on the go with an iOS & Android app and get help from experts.
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