AIG Shares Slide Further as Survival Fears Grow

AIG shares dropped nearly 40% on Tuesday as the international credit rating agency Fitch joined Moody’s Investor Services and Standard & Poor’s in downgrading the co’s rating. The triple-reduction throws more doubts on the health of AIG’s book of credit-default swaps (CDS), and forces the firm to immediately come up with $14.5 billion of capital [...]