PB Week: AIG attempts to reassure brokers
On Monday evening I returned from Spain to find the financial world seemed to have turned upside down, writes Andrew Tjaardstra, editor, Professional Broking .
So much has happened this week, that even the loss of independence for Merrill Lynch to Bank of America barely received any news coverage. It has all been about the next crisis with first Lehman Brothers, then AIG and now HBOS in trouble. This is the week the financial world changed and journalists could for once use words such as unprecedented, crisis and scary with outright justification.
AIG has been far the biggest story with its tentacles interlocked deep into the world’s financial system
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