US govt to 'bail out AIG again'

Struggling insurers American International Group Inc will receive up to $30bn (€23.8bn) in additional federal assistance in the fourth government rescue of the company, according to sources.

US govt to 'bail out AIG again'

Struggling insurers American International Group Inc will receive up to $30bn (€23.8bn) in additional federal assistance in the fourth government rescue of the company, according to sources.

The new infusion is intended to prop up AIG – once the world’s largest insurer - as it is expected to announce $60bn (€47.6bn) in quarterly losses early today.

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