The Bank of East Asia said on Thursday that it has signed a deal to buy the Taiwan securities arm of American International Group as the ailing U.S. insurance giant sells assets to raise cash. “The deal is subject to …
The Connecticut House of Representatives is not ready to vote on a bill that would stop companies that received federal assistance, such as American International Group Inc., from awarding bonuses under a state law. Douglas Whiting, a spokesman for Democratic …
The Obama administration Tuesday mounted a full-scale push for government authority to shut down troubled institutions like insurer AIG to avoid the need for future bailouts. U.S. Treasury Secretary Timothy Geithner, testifying before lawmakers still fuming about big bonuses for …
Fifteen of 20 American International Group leading bonus recipients have agreed to give them back in full, said New York’s top legal officer who is probing into $165 million in executive pay at the troubled company bailed out by the …
U.S. Senate Majority Leader Harry Reid vowed Monday to push to recoup millions of dollars in executive bonuses at taxpayer-funded insurer American International Group, but the legislation appeared to be losing momentum in the Senate. President Barack Obama voiced concern …
The new head of the New York Federal Reserve Tuesday defended saving American International Group from collapse as the right thing to do to prevent further damage to the world economy and said AIG will eventually be able to pay …
U.S. Treasury Secretary Timothy Geithner told an angry Congress on Tuesday that he needs authority to step in to shut down troubled institutions like American International Group to avoid future government bailouts. Geithner’s call for new authority to take over …
Workmen rolled up their sleeves at American International Group Inc. this weekend to take down the most prominent sign at the downtown Manhattan offices of the embattled insurer that has become the scorn of America. A spokesman said the company …
An AIG unit and Countrywide Financial Corp., now part of Bank of America Corp., have sued each other, alleging breach of contract, in a dispute over insurance losses for subprime mortgage loans now in default. American International Group Inc.’s United …
A Cedar Rapids corn milling company is suing a unit of insurance giant AIG and another company, accusing them of acting in bad faith for refusing to pay flood insurance claims. Penford Products Co. is one of many eastern Iowa …
