Add to ORKGIn 2008, American International Group (AIG) was among the largest insurance corporations in the world and maintained a profitable securities lending program. However, AIG invested much of the cash collateral received from counterparties in residential mortgage-backed securities, whose value began to collapse rapidly and unexpectedly, creating liquidity strain for AIG when borrowers returned their securities. Because of these strains, credit downgrades, and losses, in September, the company sought assistance from the Federal Reserve which, on October 6, 2008, approved the establishment of the Securities Borrowing Facility by the Federal Reserve Bank of New York (FRBNY). The FRBNY agreed to loan as much as $37.8 billion to AIG to return cash ...
As the housing crisis escalated during the second half of 2007, two government-sponsored enterprises...
After the mortgage market meltdown in mid-2007 and during the financial crisis in 2008, major financ...
In 2007 and 2008, the collapse of the subprime mortgage market and the deterioration of the housing ...
In September 2008, American International Group (AIG) faced increasing difficulty in returning cash ...
In September 2008, American International Group, Inc. (AIG) experienced a liquidity crisis. To avoid...
In September 2008, the Federal Reserve Bank of New York (FRBNY) extended an $85 billion credit line ...
On September 15, 2008, the big three rating agencies downgraded AIG’s credit ratings multiple levels...
In September 2008, in the midst of the broader financial crisis, the Federal Reserve Board of Govern...
Starting in mid-2007, American International Group (AIG) faced increasing collateral calls from coun...
Securitization is a process that allows banks and other lenders to package loans and sell them as bo...
In the fall of 2008, the securitization market, which was the major provider of credit for consumers...
In 2008, GMAC was a $200 billion company providing financing to General Motors customers. As the Glo...
This is the final chapter of The AIG Story, a book about the growth of a large international insuran...
In September 2008, as the financial crisis that had begun the previous year escalated, the US govern...
The outbreak of the COVID-19 pandemic in early 2020 caused widespread economic uncertainty, promptin...
As the housing crisis escalated during the second half of 2007, two government-sponsored enterprises...
After the mortgage market meltdown in mid-2007 and during the financial crisis in 2008, major financ...
In 2007 and 2008, the collapse of the subprime mortgage market and the deterioration of the housing ...
In September 2008, American International Group (AIG) faced increasing difficulty in returning cash ...
In September 2008, American International Group, Inc. (AIG) experienced a liquidity crisis. To avoid...
In September 2008, the Federal Reserve Bank of New York (FRBNY) extended an $85 billion credit line ...
On September 15, 2008, the big three rating agencies downgraded AIG’s credit ratings multiple levels...
In September 2008, in the midst of the broader financial crisis, the Federal Reserve Board of Govern...
Starting in mid-2007, American International Group (AIG) faced increasing collateral calls from coun...
Securitization is a process that allows banks and other lenders to package loans and sell them as bo...
In the fall of 2008, the securitization market, which was the major provider of credit for consumers...
In 2008, GMAC was a $200 billion company providing financing to General Motors customers. As the Glo...
This is the final chapter of The AIG Story, a book about the growth of a large international insuran...
In September 2008, as the financial crisis that had begun the previous year escalated, the US govern...
The outbreak of the COVID-19 pandemic in early 2020 caused widespread economic uncertainty, promptin...
As the housing crisis escalated during the second half of 2007, two government-sponsored enterprises...
After the mortgage market meltdown in mid-2007 and during the financial crisis in 2008, major financ...
In 2007 and 2008, the collapse of the subprime mortgage market and the deterioration of the housing ...