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US government rescues insurer AIG

By
Nishikant
on September 17, 2008 8:22 AM | | Comments (0) | TrackBacks (0)
The US Federal Reserve has announced an $85bn (£48bn) rescue package for AIG, the country's biggest insurance company, to save it from bankruptcy.

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The rescue follows the collapse of US investment giant Lehman Brothers, which caused share prices to plummet across the world's financial markets. Meanwhile, Barclays said it had reached a deal to buy Lehman's US investment banking and capital markets businesses.

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This page contains a single entry by Nishikant published on September 17, 2008 8:22 AM.

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