Finance
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AIG Posts Q1 Loss Amid Restructuring Costs
May 11, 2009American International Group, Inc. [stock AIG][/stock] reports a first-quarter loss of $4.35bn, or $1.98 per share, driven in part by a number of restructuring charges, the company said late last week. Additional hits to AIG’s balance sheet comes in the form of unwinding credit default swaps programs and risky investments in debt obligations backed by residential properties. First quarter’s loss is far narrower than the record $61.7bn Q408 loss, which marked the largest quarterly loss in the company’s history.
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Massachusetts AG Nails Goldman for $60 Million
May 11, 2009 -
Lawfirm Launches Distressed Asset Group
May 11, 2009 -
PMI Posts $115m Loss; Blames US Mortgage Cover
May 11, 2009 -
Revised Early Cost Disclosures Finalized by Fed
May 11, 2009 -
Ambac’s RMBS Losses Continue
May 11, 2009 -
33rd Bank Failure Costs $108 Million; FDIC Named Receiver
May 11, 2009 -
Fannie Loses $23.2bn, Needs to Find $19bn
May 08, 2009 -
Morgan and Wells Successfully Raise Cash
May 08, 2009 -
Fed Chairman Calls it Quits
May 08, 2009
