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American International Group
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American International Group, Inc. is a major American insurance company, whose headquarters is located in building American International Building New York City. UK corporate headquarters are located on Fenchurch Street in London. Continental Europe operations are located in La Défense, Paris, that the company is based in Asia in Hong Kong. According to the list Forbes Global 2000 company, AIG was the 18th company in the world. AIG became a component of the Dow Jones Industrial Average on April 8, 2004.
On September 16, 2008, after the liquidity crisis in AIG was involved, has impacted heavily on the company, Federal Reserve Bank intervened to stop the imminent collapse of AIG. Thus, it was announced creation of a loan of 85 billion U.S. dollars in exchange for 79.9% of its assets and the right to suspend dividends and preferred stock. announced the same AIG that its board of directors accepted the terms proposed rescue of the Federal Reserve Bank, including ensuring the acquisition of 79.9% of its assets, it is in the best interest of the parties involved.
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By Maria Morari
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