Lehman Brothers, the forth biggest investment bank in U.S., announced the file of Chapter 11 Bankruptcy.
Now the worry has turn to other giant corporate such as American International Group, Inc (AIG) and others. As a world largest insurance company, AIG has insurance portfolio around the world through its arm, ie. American International Assurance Bhd.
In Hong Kong, there were small portion of insurance holders, around 800 holders, terminated their policy and withdrew funds yesterday. They are so worry until willing to absord the losses of doing so.
No matter how, U.S. Government will let letting AIG down as the impact will be damagable to U.S. U.S. Government has just announced to come out with $ 85 billion loan to save AIG.
Now the worry has turn to other giant corporate such as American International Group, Inc (AIG) and others. As a world largest insurance company, AIG has insurance portfolio around the world through its arm, ie. American International Assurance Bhd.
In Hong Kong, there were small portion of insurance holders, around 800 holders, terminated their policy and withdrew funds yesterday. They are so worry until willing to absord the losses of doing so.
No matter how, U.S. Government will let letting AIG down as the impact will be damagable to U.S. U.S. Government has just announced to come out with $ 85 billion loan to save AIG.
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