Summary
IT seems things really are bigger, if not better in the US. Take the losses at AIG, the American insurance giant deemed just too big to fail.
The shortfall there was a jaw-dropping Pounds 44.2bn - run up in just three months as the result of its disastrous foray into the credit markets. That's Pounds 331,560 a minute.See the full content of this document
Extract
Bad News Keeps On Coming As Aig Reports a Pounds 44bn Loss
It swamps anything seen in here in Britain, including Royal Bank of Scotland, which took a year to lose Pounds 2...
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