American International Group executives and several financial regulators are scheduled to testify today at a Capitol Hill hearing on the circumstances leading up to $85 million government loan to AIG. The House Committee on Oversight and Government Reform will hold …
Spitzer forced Greenberg out of the company he built over nearly 40 years. Lost by many in the financial markets’ nightmare were ghosts of Wall Street past. Some are blaming the historic $85 billion federal bailout for American International Group …
Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to events that culminated in the $85 …
Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked the new chief executive officer at American International Group Inc. to give his committee internal documents related to events that culminated in the $85 …
Rep. Henry Waxman, chairman of the U.S. House Committee on Oversight and Government Reform, has asked American International Group Inc.’s new CEO to give the committee internal documents related to events that culminated in the $85 billion rescue by the …
Speculation Abounds as AIG Readies to Sell Off Assets For the moment, giant American International Group (AIG) lives on government life support, for which it’s paying 850 basis points (8.5 percent) over LIBOR, effectively 11.4 percent, on an $85 billion …
Maurice Greenberg, former chief executive of American International Group, has asked the company’s current chief executive, Edward Liddy, for the chance to bid on AIG assets as the company seeks to repay an emergency loan from the federal government. Liddy …
New York Insurance Superintendent Eric Dinallo, charged with overseeing any sales of American International Group Inc.’s insurance units, said Wednesday he would consider bids from former AIG CEO Maurice Greenberg. Greenberg, in a letter to AIG CEO Edward Liddy Monday, …
Former American International Group Inc. Chief Executive Officer Maurice “Hank” Greenberg intends to sell some AIG stock, according to a regulatory filing Thursday. Greenberg, who ran AIG for nearly four decades, said he will sell stock in the open market, …
American International Group Inc. should have a list of assets it wants to sell by next week, its new chief executive said Monday, as the company prepares to split itself up to repay an emergency bailout loan. The New York-based …
