American International Group

This Sunday, the largest company of brokers in the world, Merrill Lynch, will be acquired by Bank of America for about U.S. To know more about this subject visit Sir Richard Branson. 50,000 million and reported that the largest insurer worldwide, American International Group, AIG, is seeking U.S. 40,000 million emergency funds from the Federal Reserve. Meanwhile, a group of ten international banks announced Sunday a lending program of U.S. 70,000 million for companies with problems and cope with the credit crisis that threatens the stability of the global financial system. The announcement was made to deal with the consequences of the bankruptcy of Lehman Brothers, burdened by their losses in the mortgage industry, after talks fail to try to find a buyer. The company reported losses of U.S. 7,000 million related to mortgage investments. The two potential buyers had so far seem to have withdrawn from talks to rescue Lehman Brothers, the fourth largest investment bank in the U.S.. The parent company, Lehman Brothers Holdings Inc. said it plans to qualify for bankruptcy protection, but the Chapter 11 filing will not include operations of brokerage / broker and other activities. The bankruptcy of U.S. bank could cause a severe concussion of the global financial system. In a statement, ten international banks, including Bank of America, Barclays, Deutsche Bank and UBS, said that each contribute U.S. 7,000 million fund to address the credit crisis. The U.S. Treasury Secretary Henry Paulson said Sunday that he supported the actions of market participants to strengthen and enhance the financial industry. “I particularly appreciate the efforts of market participants who came together this weekend and began a series of steps to facilitate the organization and stability in our our financial markets …” The initial solution for Lehman Brothers, which included the sale of its profitable assets to the British group Barclays, did not prosper on Sunday after the guests retire to the Treasury’s refusal to give financial support to the operation



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