American International Group

JPMorgan Was Warned About Risk Management A Year Before Huge Loss

Reuters | Posted 05.16.2012

Read More: JPMorgan Chase, Video, Jpmorgan-London-Whale, Jpmorgan Chase White Whale, Reuters, Business News, Ellen Futter Jpmorgan Risk Management, Ellen Futter, American International Group, Jpmorgan White Whale, Jpmorgan-Chase-Trading-Loss, Jpmorgan Risk Management, Business News

By Emmanuel Olaoye NEW YORK, May 15 (Thomson Reuters Accelus) - CtW Investment Group, a labor-backed shareholder group, last year warn...

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This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 05.09.2012

Read More: Treasury Department, Video, Government Bailout, Reuters, Aig, Federal Reserve, American International Group, U.S. Taxpayers, Federal Reserve Bank of New York, Maiden Lane III, Government Accountability Office, Business News

WASHINGTON, May 8 (Reuters) - U.S. taxpayers could realize a profit of more than $15.1 billion from the massive government bailout of insurer Americ...

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Guess Who's Back? AIG's Profits More Than Double Last Year's

Reuters | Posted 05.04.2012

Read More: Video, Government Bailout, Earnings Season, Aig Earnings 1q 2012, Reuters, Business News, Aig, American International Group, AIG Earnings, Robert Benmosche, Business News

* EPS on operating basis $1.65 vs $1.12 expected by analysts * 1st-quarter net income of $1.71/shr, vs 31 cents in 2011 ...

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D.M. Levine

Race Discrimination Suit Against AIG Says Boss Called Lawyer 'Fat Albert'

HuffingtonPost.com | D.M. Levine | Posted 04.26.2012

Read More: Video, Race-Discrimination, Aig, Civil Suit, Federal Court, Law Suit, Discrimination, American International Group, Eeoc, Aig Racial Discrimination, Business News

A former AIG lawyer is suing the insurance giant for discrimination, claiming colleagues and supervisors taunted him, mistreated him and ultimately fi...

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AIG Sues Former Exec, Claiming He Stole Trade Secrets

Reuters | Posted 04.27.2012

Read More: Video, Steven Udvar Hazy Aig, Reuters, Business News, Aig Sues, American International Group, Steven Udvar Hazy, AIG Executives, Trade Secrets, Business News

By Grant McCool April 24 (Reuters) - American International Group Inc has sued the co-founder and former chief execut...

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AIG CEO: Americans Will Make Billions In Profit On Company's Bailout

Reuters | Posted 05.26.2012

Read More: Business News, AIG Bailout, Bob Benmosche, Aig, Bob Benmosche Aig Ceo, Video, American International Group, AIG CEO, AIG Bailout Money, Reuters, Business News

March 26 (Reuters) - AIG expects American taxpayers will end up with a profit of $5 billion to $10 billion on the company's 2008 rescue when all is ...

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Warren Slams AIG Tax Break

AP | DANIEL WAGNER | Posted 05.12.2012

Read More: Tarp, Elizabeth Warren, Video, Wall Street Bailout, Bailout, TARP Money, Aig Tax Break, Elizabeth Warren Aig Tax Break, Business News, Aig, Elizabeth Warren Aig, American International Group, Business News

WASHINGTON -- Former members of a congressional panel that oversaw bailouts during the financial crisis blasted the Treasury Department on Monday for ...

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Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012

Read More: Credit Suisse Group AG, Video, Credit Suisse, Federal Reserve, Aig, New York Fed, Maiden Lane II, American International Group, New York Federal Reserve, Maiden Lane, New York Federal Reserve Bank, Business News

The Federal Reserve gave just five banks the chance to bid on taxpayer-owned AIG assets -- again. It's just the latest secret sale of the toxic mor...

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Goldman Buys Billions Of Dollars Worth Of Mortgage Bonds

Reuters | Posted 04.09.2012

Read More: Goldman Sachs, Video, Barclays Plc, Credit Suisse Group, Morgan Stanley, Reuters, American International Group, Maiden Lane II, Mortgage-Backed Securities, Federal Reserve Bank of New York, Royal Bank of Scotland PLC, Business News

* Second major Maiden Lane II sale in three weeks * Allows Fed bank to recoup balance of $19.5 bln loan * Bonds were acq...

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New York Fed Invites Banks To Bid For AIG's Mortgage Bonds

Reuters | Posted 04.07.2012

Read More: Credit Suisse Group AG, Barclays Plc, Video, Morgan Stanley, New York Fed Aig, Reuters, Aig, Aig Invite, American International Group, Aig 5 Banks, Aig Five Banks, Aig Bank, Goldman Sachs Group, Royal Bank of Scotland, Business News

Feb 6 (Reuters) - The Federal Reserve Bank of New York has invited five banks to bid for mortgage bonds of insurer American International Group, the...

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Former AIG CEO: Bailout Was Unconstitutional

AP | Posted 01.21.2012

Read More: 2008 Financial Crisis, Video, Maurice "Hank" Greenberg, AIG Bailout, Business News, Financial Crisis, Aig, Hank Greenberg Aig, American International Group, New AIG Bailout, Robert Benmosche, Business News

Ex-American International Group CEO Hank Greenberg is striking back at the U.S. government for bailing out his former employer. Greenberg filed a l...

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AIG Plans To Switch Banks

Posted 09.10.2011

Read More: Bank of America, AIG Bailout, Deutsche Bank, Aig, 2008 Financial Crisis, Goldman Sachs, American International Group, Liquidity Crisis, Robert Benmosche, Video, Business News

PHILADELPHIA (Jessica Hall) - American International Group (AIG.N) plans to replace one or more Wall Street banks in its next sale of shares from ...

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Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 09.05.2011

Read More: The Financial Services Roundtable, JPMorgan Chase, Goldman Sachs, Wall Street Executives, Fdic, Morgan Stanley, 2010 Dodd-Frank Financial Oversight Law, Office of Thrift Supervision Director, The Clearing House, Federal Deposit Insurance Corp, Comptroller of the Currency, Banks, Regulators, American International Group, Executives Compensation, American Bankers Association, Business News

HuffPost Update: The FDIC approved a rule Wednesday that allows regulators to claw back up to two years of Wall Street executives' pay if they are fou...

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AIG Share Sale Makes A Profit For U.S. Treasury

Posted 07.25.2011

Read More: Aig Treasury Profit, American International Group, Share Sale Aig, US Treasury, Profit Aig, Stock Aig, Tim Massad, Business News

NEW YORK/WASHINGTON (Clare Baldwin and Pedro da Costa) - The U.S. Treasury made a small profit when it sold a portion of its shares in American In...

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Government Sale Of AIG Stock Could Be Halted If Deemed Unprofitable

Posted 07.12.2011

Read More: Treasury Department, Treasury Profit, General Motors, Metlife, Bailout Profit, American International Group, AIG Profit, AIG Shares, AIG Stock, Business News

NEW YORK (Ben Berkowitz and Clare Baldwin) - American International Group and the Treasury on Wednesday said they will sell around $9 billion in A...

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Taxpayers Take Hit On Lower-Priced AIG Stock Sale

Posted 07.11.2011

Read More: AIG Bailout, American International Group, U.S. Treasury, AIG Stock Sales, Taxpayers, AIG Stock, Robert Benmosche, Business News

NEW YORK: American International Group and the U.S. Treasury will sell nearly $9 billion in AIG stock, they said on Wednesday, a huge offering but...

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AIG Shares Fall Low Enough To Threaten Government Loss

Posted 07.09.2011

Read More: Tarp, Tarp Bailout, Federal Government, AIG Bailout, Financial Crisis, Aig, American International Group, AIG Shares, US Treasury, AIG Stock, Citigroup, Business News

Shares in bailed-out insurer American International Group (AIG.N) fell to their lowest levels in nearly eight months on Monday, potentially moving...

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Maxwell Strachan

Bailed-Out AIG Now Says It Was Victim Of Wall Street's Worst Behaviors

HuffingtonPost.com | Maxwell Strachan | Posted 06.29.2011

Read More: Goldman Sachs, Insurance Company, Triaxx, Cdos, AIG Lawsuit, Bank of America, Cds, New York Times, Aig, ICP Asset Management, American International Group, Icp, Christopher Whalen, Business News

Two and a half years after first being bailed out by the federal government, insurance giant AIG has officially begun to place blame on companies it a...

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Taxpayers Could Share In Two Huge Lawsuits Filed By AIG

Posted 06.28.2011

Read More: Bank of America, Citigroup, Goldman Sachs, AIG Financial Rpdicts, AIG Lawsuit, Cdos, Moore Capital, Aig, American International Group, Icp, Bob Benmos, Business News

WILMINGTON, Delaware: American International Group Inc, sued two money management firms on Thursday in a fight to recoup billions of dollars the b...

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AIG Sells Troublesome Insurance Risk Off To Buffett's Berkshire

Posted 06.20.2011

Read More: Lloyd's of London, Berkshire Hathaway, National Indemnity, Insurance, Casualty Insurance, CNA Financial, Chartis Property, American International Group, Asbestos, S&P Insurance Index, Business News

NEW YORK - American International Group will transfer its troublesome asbestos risk to Berkshire Hathaway, relieving it of a book of business that...

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U.S. Pay Czar Approves High-Level Pay Structure At AIG, GM, Ally

Posted 06.09.2011

Read More: Tarp, Executive Compensation, General Motors, Ally Financial, American International Group, Aig, US Pay Czar, Compensation, Pay Package, Business News

The U.S. pay czar will allow bailed-out firms American International Group (AIG.N), Ally Financial and General Motors (GM.N) to be flexible with the...

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AIG Expects Other Bids For Their Former Subprime Bonds

Posted 05.25.2011

Read More: US Government, Aig, Federal Reserve, American International Group, New York Fed, Wall Street Journal, Mortgage Backed Securities, Robert Benmosche, Business News

(Reuters) - American International Group (AIG.N) expects others to bid for the mortgage-backed securities that it has offered to pay $15.7 billion...

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AIG Offers To Buy Back Mortgage Securities From Fed

Reuters | Ben Berkowitz | Posted 05.25.2011

Read More: Buyback, Toxic Assets, Aig, Federal Reserve, American International Group, Liquidity Reserves, Rmbs, Residential Mortgage Backed Securities, Business News

(Reuters) - American International Group (AIG.N) offered on Thursday to buy back, for $15.7 billion cash, mortgage-backed securities the U.S. gove...

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AIG's Profit Hits $11.2 Billion -- Thanks To Asset Sales

AP | PALLAVI GOGOI | Posted 05.25.2011

Read More: AIG Profit, AIG Asset Sales, American International Group, AIG Bailout, Business News, Business News

NEW YORK — Bailed-out insurer AIG ended the year on a strong note, earning income of $11.2 billion in the fourth quarter. Most of the profits ca...

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US Chamber's Lobbyists Ran Smear Campaign On Political Opponents

thinkprogress.org | Posted 05.25.2011

Read More: Big Business, Exonnmobil, Lobbying, Corporations, Lobbyists, U.S. Chamber of Commerce, Aig, Organized Labor, American International Group, Union, Hackers, Politics News

ThinkProgress has learned that the U.S. Chamber of Commerce, the big business trade association representing ExxonMobil, AIG, and other major internat...

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