Aegon to Book $573 Million in Charges for Bad Credit, Cites Exposure to AIG, WaMu, and Lehman

The insurer Aegon NV said Thursday it will book 420 million euros ($573 million) in charges on bad bonds and other credit assets in the third quarter.

Its shares, which have declined even more than most European financial shares in recent weeks, rebounded 4.7 percent to 4.30 euros ($5.87), still down 64 percent for the year.

Aegon to Book $573 Million in Charges for Bad Credit, Cites Exposure to AIG, WaMu, and Lehman
Source: Courant