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12/25/2008 News For: aig Annuities(AFX UK Focus) 2008-12-24 16:15 UPDATE 1-Fund acquires $16 bln in debt guaranteed by AIG NEW YORK, Dec 24 Reuters - A fund established by the Federal Reserve Bank of New York and insurer American International Group acquired an additional $16 billion of bonds guaranteed by the troubled company, AIG said on Wednesday. The company, bailed out by the U.S. government in September, said it has torn up its guarantee of the bonds. The fund, Maiden Lane III, was created to buy ... AIG sells another $16 billion of CDOs NEW YORK?American International Group Inc. has sold an additional $16 billion in collateralized debt obligations to a special purpose vehicle backed by the Federal Reserve Bank of New York, the insurer said Wednesday. Weak link Just when supply-chain managers were hoping that the trillions of dollars being injected into the global banking system would loosen the strings choking trade finance, another danger has risen. Fund acquires $16 billion in debt guaranteed by AIG NEW YORK Reuters - A fund established by the Federal Reserve Bank of New York and insurer American International Group acquired an additional $16 billion of bonds guaranteed by the troubled company, AIG said on Wednesday. Can China be safe haven for sports amid global crisis? When the global economic downturn hit, sports did not escape unscathed. American insurance giant AIG, the shirt sponsor of Manchester United, went bankrupt in the global financial upheaval, leaving the England powerhouse feeling the heat. Pundits have warned that a top English club may face closing down as English football has amassed debts of around three billion pounds 5.2 billion U.S. ... Business Briefs San Luis Trust Bank is holding its third annual Warm Coat Drive and is participating in the Secret Santa Program through today. euro adhoc: Bank Sarasin + Cie AG (deutsch) euro adhoc: Bank Sarasin + Cie AG / Sonstiges / Bank Sarasin bildet neuen Gesch?ftsbereich "Trading & Family Offices" unter Leitung von ... The Herald : Business: MAIN BUSINESS The pound tumbled to fresh record lows against a basket of other currencies yesterday as two members of the Bank of England?s Monetary Policy Committee warned deep cuts in UK interest rates would not be enough to solve the economy?s woes. |



