NEW YORK: American International Group Inc. on Friday disclosed details of the toxic securities that helped trigger a massive taxpayer rescue of the giant insurer.
In a public filing, AIG listed the securities held in its Maiden Lane III business, which the company and the government created to purchase toxic assets, repay debt and provide capital for some of AIG's operations after its $182.5 billion federal bailout.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
