The U.S. Treasury Department said it will sell most of its stake in insurer American International Group Inc., making the government a minority investor for the first time since it rescued the company in the depths of the financial crisis …
The Federal Reserve Bank of New York brought to a close another chapter in the government’s taxpayer-funded bailouts of 2008 with the sale of its remaining assets of insurer American International Group, the bank said on Thursday. The New York …
The Federal Reserve Bank of New York said on Thursday the last of its loans made to acquire risky assets from AIG and Bear Stearns during the financial crisis have been paid off with interest. The Fed bank acquired the …
Shares in bailed-out insurer American International Group dipped below the government’s breakeven price on its 61 percent stake in the company, just days after the U.S. Treasury completed another offering of its stock. AIG fell 6.1 percent to $28.60 in …
The U.S. Treasury on Monday said it is trimming its ownership stake in American International Group Inc. to 61 percent from 70 percent by selling more shares of the insurer’s common stock. The U.S. government said it expects to receive …
The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc. to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2 billion worth. The U.S. …
American International Group Inc. will likely be independent from the U.S. government over the next year, Wells Fargo Securities said upgrading the shares of the bailed-out insurer to “outperform.” Since AIG restructured its relationship with the U.S. government over a …
The chief executives of General Motors, AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the U.S. Treasury Department after they got “exceptional” bailout help during the financial crisis. The Treasury …
CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group, the insurance company he runs. Of course, that depends on how one defines “profit.” How much AIG actually borrowed …
AIG expects American taxpayers to end up with a profit of $5 billion to $10 billion on the company’s 2008 rescue when all is said and done, the chief executive of the bailed-out insurer said on Monday. The U.S. government …
