American International Group Inc. said today hat the U.S. Department of the Treasury expects to receive an additional $750 million in addition to its previous estimate of $5 billion from its underwritten public offering of AIG common stock. The underwriters …
The U.S. Treasury Department said on Friday it expects to raise $5 billion from its sale of American International Group stock, cutting the government’s stake in the bailed-out insurer to 55 percent. The sale, which would bring a profit of …
The government’s consumer finance watchdog is investigating mortgage insurance deals between banks and the insurers American International Group Inc., MGIC Investment Corp. and Genworth Financial Inc. The three companies said in public filings last week that they had received subpoenas …
American International Group reported a larger profit for the second quarter on Thursday, as tax benefits boosted results and operating income grew across the company’s varied insurance businesses. The company also reported more than $11 billion in liquidity at the …
American International Group announced that its life and retirement business, SunAmerica Financial Group, Inc., has signed a definitive agreement with The Hartford Financial Services Group Inc. to acquire Woodbury Financial Services, Inc., an independent broker-dealer. Once the transaction is finalized, …
AIG is launching a public relations campaign to repair its reputation. Last Thursday, the once-mighty insurance giant American International Group posted several videos on YouTube, www.youtube.com/aig , proclaiming that AIG is proud to be an American corporation. AIG received the …
Walnut Place, an entity that had challenged a proposed $8.5 billion settlement between Bank of America Corp. and investors in failed mortgage-backed securities, has withdrawn its objections to the deal. The development on Monday was a step forward for Bank …
Global private equity fund Blackstone Group LP is backing Mark Wilson, the former chief of AIA Group Ltd, in the bidding for ING Groep NV’s Asia insurance unit, a source directly familiar with the matter said. The consortium led by …
American International Group, the insurance giant saved by a massive federal bailout, wants some tax money back — from 1991. AIG is suing the Internal Revenue Service (IRS) in Federal Claims Court in Washington, D.C. for $30.2 million. It says …
The U.S. swaps regulator is set to finalize this week a critical reform that will trigger banks and traders having to comply with costly new derivatives rules. The Commodity Futures Trading Commission will vote on Tuesday on a definition of …
