Search results
Results from the WOW.Com Content Network
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 ...
Federal Reserve chairman Ben Bernanke explained how trade deficits required the U.S. to borrow money from abroad, in the process bidding up bond prices and lowering interest rates. [309] Bernanke explained that between 1996 and 2004, the U.S. current account deficit increased by $650 billion, from 1.5% to 5.8% of GDP.
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 .
The 1987 stock market crash, or Black Monday, is known for being the largest single-day percentage decline in U.S. stock market history. On Oct. 19, the Dow fell 22.6 percent, a shocking drop of ...
AIG (AIG) costs the U.S. government more money with each passing month. AIG has survived on a $150 billion handout from the U.S. government. In exchange, tax payers own 80% of the company. But the ...
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.
AIG received an $85 billion emergency loan in September 2008 from the Federal Reserve. [13] which AIG wais expected to repay by gradually selling off its assets. [14] In exchange, the federal government acquired a 79.9% equity stake in AIG. [14] Washington Mutual (WaMu) was seized in September 2008 by the US Office of Thrift Supervision (OTS). [15]
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 ...