Economy

AIG's Payments To Banks

American International Group Inc. has revealed that it used more than $90 billion in federal aid to pay foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts. The money went to banks to cover their losses on complex mortgage investments, as well as for collateral needed for other transactions. Below is the list of the top 20 total payments reported by AIG:

 
Bank Amount (in billions)
Goldman Sachs $12.9
Societe Generale $11.9
Deutsche Bank $11.8
Barclays $8.5
Merrill Lynch $6.8
Bank of America $5.2
UBS $5.0
BNP Paribas $4.9
HSBC $3.5
Citigroup $2.3
Calyon $2.3
Dresdner Kleinwort $2.2
ING $1.5
Wachovia $1.5
Morgan Stanley $1.2
Bank of Montreal $1.1
Deutsche Zentral-Genossenschaftsbank $1.7
Rabobank $0.8
The Royal Bank of Scotland $0.7
AIG International $0.6

Source: AIG (PDF)

Related Content

AIG's Employee Bonuses Rile Washington

White House officials and congressional leaders say that they are outraged about the bonuses but that their hands are tied.



   
   
   
null