AIG Financial Products Company Description
A subsidiary of insurance giant American International Group, AIG Financial Products is a market maker and trader in over-the-counter derivatives of stocks, bonds, credit, and commodities as well as energy trading and foreign exchange markets. It operates outside the US through its subsidiary Banque AIG. It also offers economic research, pension strategies, online institutional trading, and municipal finance. In 2008 AIG Financial Products found itself at the center of controversy after its investments in credit default swaps, a type of debt insurance, collapsed. It was one of many woes that compelled the Federal Reserve to float an $85 billion emergency loan to its parent company to keep it solvent.
View the Comprehensive Company Description for AIG Financial Products
The Company Description provides a historical perspective of AIG Financial Products's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of AIG Financial Products's evolution in the marketplace.
