Computer, Technology, Databases, Google, Internet, Mobile, Linux, Microsoft, Open Source, Security, Social Media, Web Development, Business, Finance
Thursday, September 18, 2008
AIA to Be Sold?
AIA's US parent AIG Inc was extended a lifeline by the Federal Reserve, a loan of US$85 billion for a 24-month term. In return, the Fed will own 79.9 per cent of the ailing insurance giant. But it is clear that AIG must sell assets to repay the very high interest loan. AIG has the best Asian insurance franchise in life and general insurance of any Western company. Companies named as possible buyers of AIG assets include Prudential, Munich Re and Allianz SE. So, are we really seeing the fall of AIA?
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Google url shortener service, goo.gl , is now much improved with newly included features like easier copy and paste, and ability to delete e...
-
I would like to apologize that sigining of my guestbook is not possible at the moment due to an unexpected bug. There is already 74 entries ...
-
As of today, Google will start using a new shortened url - g.co , to promote Google websites. g.co works differently as compared to a long-t...
-
Get accurate and real-time bus arrival information for public bus operators in Singapore, including SBS Transit, SMRT Buses, Go-Ahead Singap...
-
Why I choose to remain single Sun, Apr 05, 2009 - The Straits Times My parents have a loving relationship, but I knew I could not live my li...
No comments:
Post a Comment
Do provide your constructive comment. I appreciate that.