American International Group

American International Group, Inc. (AIG) (, , ) is a major American insurance corporation based in New York City. The company's UK headquarters are in London, its Continental Europe operations are based in Paris and its Asian HQ is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was the 18th-largest company in the world. It became part of the Dow Jones Industrial Average on April 8, 2004.

On September 16, 2008, the U.S. Federal Reserve Bank announced its plan to lend the insurer $85 billion, U.S. dollars, in exchange for a 79.9% equity stake in the company.Fed Readies A.I.G. Loan of $85 Billion for an 80% StakeUnited States Federal Reserve Board of Governors, Press release: Federal Reserve Board, met with full support of the Treasury Department, authorizes the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG), September 16, 2008   

AIG announced on the same day that its board accepted the terms of the Federal Reserve Bank's loan offer.

References

Other websites
AIG Website

Category:Companies based in New York City
Category:1919 establishments in the United States
Category:Insurance companies of the United States
Category:1910s establishments in New York (state)
Category:Slavers