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by Adam J. Wiederman - 0 comments For starters, market data reveal that by the time stocks enter bear market territory (which happened on July 9), roughly three-quarters of the drop is history. Thanks to the past year, even...
NEW YORK, Oct 10 (Reuters) - American International Group Inc (AIG.N: ), the insurer crippled by losses on bad mortgage bets, has so far borrowed $70.3 billion under a U.S. government bailout loan, according to the Federal...
Lehman Brothers, the bust investment bank, triggered one of the biggest corporate debt defaults in history yesterday as it emerged that the US Federal Reserve is harbouring grave concerns about whether Washington’s $700 billion...
The insurers of Lehman Brothers’ debt face a claims bill of about $360 billion ($£211 billion) after an auction of the bankrupt US brokerage’s borrowings determined that they were only worth 9.75 cents on the dollar.
