According to a Bloomberg News reported Friday, American International Group (American International Group) (AIG) plans to their dozens of insurance departments part of the loss, these sectors account in the securities lending, loan-to-last year suffered a crisis in a total of 13 billion U.S. dollars by Of loss.
Bloomberg said that the American International Group (AIG) owned life insurance and retirement services Christopher, vice president of the Buddha - Swift (Christopher Swift) said in an interview that the group will bear the loss of much higher than the previous commitment 500 million U.S. dollars.
Swift said of Bloomberg, American International Group will also make capital injection of some departments. However, he did not disclose the scale of capital injection.
Securities lending account by the reduction of assets and other factors, American International Group, in the past three-quarter, a total of 38 billion U.S. dollars announced pre-tax reduction of the project.
American International Group by 38 billion U.S. dollars of projects, 20 billion U.S. dollars from the credit default swaps; 18 billion U.S. dollars from mortgages and asset-backed securities, including the secondary housing loans. Bloomberg said, and secondary mortgage-related assets belong to the majority of the stock borrowing and lending accounts.
Securities lending business is specifically for those customers to the Company and the banking and securities lending institutions tailored business.
American International Group, owned life insurance sector will invest their premium stock and bond markets. In order to maximize profits, this sector through a central treasury to finance these securities, and the Central Bank is to invest in mortgage industry.
Friday morning trading, American International Group shares fell 1.1 percent to 27.77 U.S. dollars.
Bloomberg said that the American International Group (AIG) owned life insurance and retirement services Christopher, vice president of the Buddha - Swift (Christopher Swift) said in an interview that the group will bear the loss of much higher than the previous commitment 500 million U.S. dollars.
Swift said of Bloomberg, American International Group will also make capital injection of some departments. However, he did not disclose the scale of capital injection.
Securities lending account by the reduction of assets and other factors, American International Group, in the past three-quarter, a total of 38 billion U.S. dollars announced pre-tax reduction of the project.
American International Group by 38 billion U.S. dollars of projects, 20 billion U.S. dollars from the credit default swaps; 18 billion U.S. dollars from mortgages and asset-backed securities, including the secondary housing loans. Bloomberg said, and secondary mortgage-related assets belong to the majority of the stock borrowing and lending accounts.
Securities lending business is specifically for those customers to the Company and the banking and securities lending institutions tailored business.
American International Group, owned life insurance sector will invest their premium stock and bond markets. In order to maximize profits, this sector through a central treasury to finance these securities, and the Central Bank is to invest in mortgage industry.
Friday morning trading, American International Group shares fell 1.1 percent to 27.77 U.S. dollars.
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