Insurance giant AIG granted lifeline

Manchester United’s embattled sponsor American International Group (AIG) was today granted a $20bn (€14bn) lifeline to shore-up its finances.

Insurance giant AIG granted lifeline
Mon, 15 Sep, 2008 - 19:31

Manchester United’s embattled sponsor American International Group (AIG) was today granted a $20bn (€14bn) lifeline to shore-up its finances.

The world’s biggest insurer – which is the Premier League champions’ main sponsor – was told by New York governor David Paterson that it could borrow the money from AIG subsidiaries.

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CourtsBusinessHeathrowPlace: Wall StreetPlace: UKPlace: Dagenham, EssexPlace: LondonPlace: USPerson: David PatersonPerson: Warren BuffetPerson: Robert WillumstadPerson: John LewisPerson: Martin SullivanPerson: SullivanEvent: Premier LeagueOrganisation: AIGOrganisation: Manchester UnitedOrganisation: American International GroupOrganisation: US Federal ReserveOrganisation: AIG UKOrganisation: AIG LifeOrganisation: AIG DirectOrganisation: ArgosOrganisation: BootsOrganisation: Standard & Poor
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