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American International Group

AIG CEO: Bonus Uproar 'Just As Bad' As Racist Lynch Mob

The Huffington Post | Mark Gongloff | Posted 09.25.2013 | Business

Maybe you got angry about AIG paying huge bonuses just months after it nearly brought down the financial system and took a $182 billion bailout. We...

Fountain Gallery Raises Funds, Boosts Artists with Mental Illness

Jim Luce | Posted 08.17.2013 | New York
Jim Luce

It was raining. Torrents. But the atmosphere was anything but damp at a recent fundraising wingding where I joined in a high-spirited soiree featuring...

Mark Gongloff

Ex-AIG CEO Still Suing Government Over Bailout | Mark Gongloff | Posted 03.12.2013 | Business

Hank Greenberg is apparently never going to stop suing the U.S. government for the unthinkable offense of bailing out his old company, American Intern...

AIG Won't Join Lawsuit Against U.S.

Posted 01.09.2013 | Business

AIG won't join ex-CEO Maurice "Hank" Greenberg's lawsuit against the U.S. government over the insurance giant's financial crisis bailout, the Wall Str...

Elizabeth Warren Slams 'Outrageous' Move

The Huffington Post | Luke Johnson | Posted 01.08.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) slammed American International Group on Tuesday for thinking about suing the federal government over the $182 billion ...

Rescued By A Bailout, A.I.G. May Sue Its Savior

Dealbook | BEN PROTESS and MICHAEL J. DE LA MERCED | Posted 01.08.2013 | Business

Fresh from paying back a $182 billion bailout, the American International Group has been running a nationwide advertising campaign with the tagline ...

Insurance Giant To Pay Millions

AP | Posted 10.23.2012 | Money

NEW YORK -- American International Group will pay more than $300 million to settle dispute with states over life-insurance payments that go unclaimed,...

AIG CEO: Nobody Ever Thanked Us!

New York Magazine | Jessica Pressler | Posted 10.21.2012 | Business

Bob Benmosche was perfectly happy to while away his retirement on his Croatian vineyard. But the image of AIG employees being beaten up for their bonu...

People Responsible For AIG Bailout Say AIG Bailout Turned A Profit

Reuters | Posted 11.10.2012 | Business

(Reuters) - The U.S. Treasury said on Tuesday that it expects to raise an additional $2.7 billion from its American International Group stock sale, al...

Bailed-out banks Freddie Mac, AIG gave $6 million to 2008 conventions,

The Center for Public Integrity | Posted 10.24.2012 | Politics
The Center for Public Integrity

By John Dunbar and Michael BeckelThe Center for Public IntegrityThe Republican nominating convention that kicks off Monday in Tampa (weather permitti...

Tim Geithner Admits Banks Bailed Out With Rigged Libor, Costing Taxpayers Huge Amount

Mark Gongloff | Posted 09.24.2012 | Business
Mark Gongloff

The government knowingly used an artificially low interest rate when setting bailout terms for big banks and insurance giant AIG, costing taxpayers millions, maybe billions.

Bailed-Out Company Wants Millions In Taxes Back

AP | The Associated Press | Posted 09.05.2012 | Business

American International Group, the insurance giant saved by a massive federal bailout, wants some tax money back – from 1991. AIG is suing in Fe...

Ex-AIG CEO May Take On Federal Government

Reuters | Posted 09.02.2012 | Business

July 3 (Reuters) - A company run by former American International Group Inc Chief Executive Maurice "Hank" Greenberg may pursue a $25 billion lawsui...

Why Another Major Collapse Is Still Possible

Bloomberg View | Matthew Schoenfeld | Posted 06.01.2012 | Business

Bloomberg View: The near-failure of insurance firm American International Group Inc. (AIG) in 2008 was arguably the most perilous moment of the glo...

JPMorgan Was Warned About Risk Management A Year Before Huge Loss

Reuters | Posted 07.15.2012 | Business

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

This Bailout Could Really Pay Off For Taxpayers

Reuters | Posted 07.07.2012 | Business

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...

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

Reuters | Posted 07.03.2012 | Business

* 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 ...

D.M. Levine

Race Discrimination Suit Against AIG Says Boss Called Lawyer 'Fat Albert' | D.M. Levine | Posted 04.26.2012 | Business

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

AIG Sues Former Exec, Claiming He Stole Trade Secrets

Reuters | Posted 06.24.2012 | Business

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

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

Reuters | Posted 05.26.2012 | Business

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 ...

Warren Slams AIG Tax Break

AP | DANIEL WAGNER | Posted 05.12.2012 | Business

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

Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012 | Business

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...

Goldman Buys Billions Of Dollars Worth Of Mortgage Bonds

Reuters | Posted 04.09.2012 | Business

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

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

Reuters | Posted 04.07.2012 | Business

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...

Former AIG CEO: Bailout Was Unconstitutional

AP | Posted 01.21.2012 | Business

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...