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Investment Commentary from IPP
I got a recent mail from my financial advisor from IPP regarding the recent happenings to Lehman Brothers and AIG. Here’s the latest client communication. client-communication-2008-09-17-back-to-basics Lehman Brothers The #4 investment bank filed for Chapter 11 bankruptcy protection, which effectively buys the 158-year old US bank time to sell off its assets to creditors. Lehman’s [...]
AIA assures policyholders
After yesterday’s turmoil in the markets regarding Lehman Brothers and AIG, AIA in Singapore has issued a news release to all policyholders to assure them that their policies will still be valid and fulfilled independent of AIG. (AIA is a subsidiary of AIG). AIA has sufficient funds to tide over the crisis. To see their [...]
