American International Group Inc.’s chief executive said Thursday he is “pretty comfortable” the bailed-out insurer will be able to repay the U.S. government before the 2013 expiration of its credit line. AIG, which has been selling assets to repay the …
The U.S. Treasury Department Thursday named two former executives of E-Trade Financial and Electronic Data Systems to serve on the the board of directors of American International Group, the insurer bailed out by the federal government. The appointments are Donald …
Standard & Poor’s Ratings Services has affirmed its ‘A-/A-1’ counterparty credit ratings on American International Group Inc, as well as its ‘A+’ counterparty credit and financial strength ratings on its insurance subsidiaries, Chartis and SunAmerica Financial Group. The outlook for …
After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky investments it bought while rescuing insurance giant American International Group Inc. and supporting the sale of failed investment …
A Manhattan federal judge dismissed a shareholder lawsuit accusing current and former American International Group Inc. executives and directors of ignoring “red flags,” leading to the insurer’s near collapse and about $180 billion of federal bailouts. U.S. District Judge Laura …
American International Group, Inc. (AIG) has closed the sale of a portion of its asset management business to Pacific Century Group, an Asia-based private investment firm. AIG will continue to manage approximately $509 billion of assets as part of its …
The crumbling empire of American International Group Inc. is helping to pave Wall Street with gold. Auctions of the bailed-out insurer’s assets have generated more than half a billion dollars in fees since its near-collapse in September 2008, with every …
Two senior executives from AIG’s Asian operations plan to quit before Prudential’s planned $35.5 billion takeover, according to a source familiar with the matter. Chief Financial Officer Steve Roder and Chief Legal Counsel Peter Cashin plan to leave AIA, AIG’s …
The Obama administration’s pay czar Tuesday slashed pay again at five U.S. firms that still depend on a government lifeline, but boasted that the clampdowns are not sending talented workers fleeing for the exits. Kenneth Feinberg, a Washington lawyer who …
Several former American International Group Inc. employees might sue the insurer after it gave them less retention bonus money than they should have received, their lawyers said Monday. AIG is holding back $21 million from retention bonuses for current and …
