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Souk Al-Manakh stock market crash: Aug 1982 Kuwait: Black Monday: 19 Oct 1987 USA: Infamous stock market crash that represented the greatest one-day percentage decline in U.S. stock market history, culminating in a bear market after a more than 20% plunge in the S&P 500 and Dow Jones Industrial Average. Among the primary causes of the chaos ...
List of bank failures in the United States (2008–present) List of largest U.S. bank failures; List of sovereign defaults; List of stock market crashes and bear markets; List of UK businesses entering administration during 2008–2009 financial crisis; List of accounting scandals; List of defunct airlines; Agency cost; Center for Audit Quality ...
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [5] As of 2023, AIG employed 25,200 people. [6] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
Earlier this week, the Treasury recently announced plans to sell a huge portion of its AIG stake, dumping $18 billion of AIG stock before underwriter options -- roughly the size of Facebook's IPO.
By Lauren Tara LaCapra and Olivia Oran Sept 10 (Reuters) - The U.S. government cut its stake in American International Group Inc (AIG) to about 21.5 percent on Monday, making a profit of $12.4 ...
AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut , is considered to have played a pivotal role in the global financial crisis of 2008–2009 .
For the past few quarters, American International Group was king of the hedge fund hill, with more money managers picking the insurer than the perennial favorites, Apple and Google . But alas, all ...
Soon afterwards, AIG came under market pressure, and admitted it had undertaken what could be construed as securities fraud. The staff admitted that the two reinsurance transactions had inflated AIG’s balance sheet and propped up AIG’s stock price. In the resultant stock crash, investors lost $500 million in investments. [11]