Former members of a congressional panel that oversaw bailouts during the financial crisis blasted the Treasury Department this week for quietly granting a tax break worth billions to insurance giant American International Group. The tax break amounts to a “stealth …
The U.S. Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an …
The U.S. government has asked a court to dismiss a lawsuit relating to its 2008 takeover of American International Group that was filed by a company run by former AIG Chief Executive Maurice Greenberg, court documents showed. In November, Greenberg’s …
The Federal Reserve Bank of New York on Tuesday sold the remaining portion of mortgage-backed securities acquired in the 2008 rescue of American International Group Inc. The sale to a unit of Credit Suisse Group AG means the U.S. government …
The Federal Reserve paid the federal government $76.9 billion in 2011, the second highest amount in history. The central bank earned the money from investments made to bolster the U.S. economy. The Fed reported that the 2011 payment is down …
