Banking News Roils Markets

Dismal financial outlook predicted in perception of U.S.

stabilize AIG at no cost to New York taxpayers. Policyholders should also know that they are safe, and their insurance policies are still good. AIG’S insurance companies are financially strong, and the Insurance Department will continue to ensure that they remain strong.”

AIG has $1 trillion in assets, and more than 100,000 employees.AIG dropped $7.38 to close at $4.76 in New York Stock Exchange composite trading. The shares traded for $65.96 a year ago.

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