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Region
Published
10/30/08
WASHINGTON — The Washington area's transit agency asked a federal judge Wednesday to issue a temporary injunction against a bank that is demanding $43 million by the end of the week. Find Us On Facebook
KBC Group of Belgium is requesting the money following the collapse of insurance giant American International Group, which had guaranteed a financing deal KBC made with Metro in 2002.
But AIG's financial problems, which prompted a massive loan last month from the Federal Reserve, have triggered a clause that allows the bank to demand all the money at once. Besides Metro, the collapse of AIG could force about 30 other agencies to repay...
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