Banks are repaying bailout cash but AIG won’t
US Treasury Secretary Timothy Geithner says taxpayer losses from the $700bn financial bailout will be below the projected $105bn but "TARP investments in AIG will likely still result in some loss," Reuters reports.
Geithner told the Congressional Oversight Panel that estimates of losses from the Troubled Asset Relief Program (TARP) had fallen from $341bn in August to just $105bn now.
"We view that as a conservative estimate," Geithner told the TARP watchdog panel. "We expect it to fall further."
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
