Report: AIG to raise $20 billion

American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
MAY 20, 2008
By  Bloomberg
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports. The fund-raising will be accomplished through the sale of securities, some in dollars and others in pounds sterling, said its chief executive, Martin Sullivan. The New York-based insurer has already raised about $13.5 billion through new offerings and a sale of securities on Friday. AIG this month posted a first-quarter loss of nearly $8 billion.

Latest News

Indie $8B RIA adds further leadership talent amid growth drive
Indie $8B RIA adds further leadership talent amid growth drive

Executives from LPL Financial, Cresset Partners hired for key roles.

Stock volatility remained low despite risk events
Stock volatility remained low despite risk events

Geopolitical tension has been managed well by the markets.

Fed minutes to provide signals on rate cuts
Fed minutes to provide signals on rate cuts

December cut is still a possiblity.

Trump's tariff talk roils markets, political leaders
Trump's tariff talk roils markets, political leaders

Canada, China among nations to react to president-elect's comments.

Ken Leech formally charged by SEC, US Attorney's Office
Ken Leech formally charged by SEC, US Attorney's Office

For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound