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AIG plans to raise $12.5 million, but mess up with a loss of $20 billion
American International Group Inc. (AIG), New York-based insurer said that over the past month had raised $20 billion in capital, which is 60 per cent or $8 billion more than projected, in a move to prop up its balance sheet, weakened by severe credit market-related losses. The fund raising had been required to protect against […]
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