A London branch office of ailing US insurance giant AIG may have lost half a trillion dollars in bad debts.The disastrous deals were built over in a decade as a small team of traders risked huge sums to insure dodgy US mortgages and other loans, according to American TV reports Joseph Cassano, the American who ran the British operation, is said to have made £200million on the London office's deals. He retired as the credit crunch crisis hit.
The Serious Fraud Office and US regulators are now said to be combing through the records of AIG's Mayfair-based Financial Products Group.
Aig, which is currently sponsoring Manchester United, has received £115billion in US government bail outs.
[SigmaForex Customer Support Area]
.jpg)
Customer satisfaction is number 1It's a well known fact that no business can exist without satisfied customers, Sigma support you with all your needs that have been chosen according to your demands.
Our slogan is to achieve the maximum level of satisfaction for our customers for that we built customer support which is availble 24/7 to be reached for all clients at any time.
Open Live Chat Now
Email Us
FAQs
Funding Methods
Withdrwal Methods
Trading Agreement
.gif)
.gif)
No comments:
Post a Comment