Taiwan’s financial regulator gave conditional approval on Thursday to AIG’s $2.2 billion sale of its Nan Shan Life insurance unit, bringing closer to an end an almost two year long sale saga. The U.S. insurer, looking to pay back the …
of American International Group Inc. fell 3.6 percent Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of AIG stock. The Treasury sold 200 million shares, reducing its stake in the company to 77 percent from 92 …
The U.S. Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc., according to an early litmus test of market interest in the firm’s stock. The Treasury sold 200 million shares of AIG at …
When he signed to buy a condo at Vermont’s Stowe Mountain Resort, Patrick Sullivan was told his share of fees charged by the resort developer for hotel-type services would be about $410 a year, not the roughly $8,000 a year …
American International Group and the U.S. Treasury said Wednesday they will sell just under $9 billion in AIG stock, suggesting the government’s exit from its crisis-era investment will be more difficult than originally thought. The $9 billion figure is less …
Later this month investors will get a chance to buy into the revived American International Group, but dreams of a blockbuster sale have faded with the steady decline in AIG’s shares. The stakes are high for the U.S. Treasury, which …
Britain is probing investment banks over insurer Prudential Plc’s failed $35.5 billion bid for rival AIG’s Asian business, AIA, last year, two people familiar with the matter said. The probe, ordered by the Financial Services Authority (FSA), would examine the …
Peter Juhas has been named head of Strategic Planning by American International Group Inc. (AIG). Juhas will be responsible for working with AIG’s businesses to capitalize on global growth opportunities and focus the company’s resources on the most attractive activities. …
American International Group Inc. has urged staff at Taiwan unit Nan Shan Life Insurance Co. Ltd to voice their support for its planned $2.16 billion sale, saying their silence has allowed “ill-intentioned groups” to create negative impressions over the much-delayed …
The Federal Reserve Bank of New York is planning two auctions of risky mortgage-backed securities from its Maiden Lane II portfolio next week, the bank’s website indicated Friday. The sales would be the Fed’s second and third from the portfolio …
