More...
 

American International Group

AIG Internal Emails: Insurers Correspondence Details Confusion During Crisis

washingtonpost.com | Brady Dennis | Posted 12.30.2009 | Business

Read More: AIG Financial Products, Joseph Cassano, Derivatives, AIG FP, Aig, Washington Post, American International Group, Internal Emails, Elias-Habayeb, London, Wilton Connecticut, Business News

The Cassano-Habayeb correspondence, along with thousands of other e-mails obtained by The Washington Post, as well as supporting interviews, reveal a ...

Read Whole Story

AIG Emails: Spitzer, Blodget Debate Whether AIG's Internal Documents Should Be Published Online For Public Review (VIDEO)

Posted 12.21.2009 | Business

Read More: Treasury Department, Dylan Ratigan CNBC, Business Insider, Federal Reserve, Aig, American International Group, Dylan Ratigan, Eliot Spitzer, New York Federal Reserve Bank, Goldman Sachs, Henry Blodget, Morning Meeting Dylan Ratigan, Timothy Geithner, Aig-Emails, Business News

In a New York Times op-ed over the weekend, former New York attorney general and governor Eliot Spitzer and two law professors, Frank Partnoy and Will...

Read Whole Story

AIG Autopsy: Eliot Spitzer Calls For Investigation Like Swiss UBS

Huffington Post | Adam J. Rose | Posted 12.20.2009 | Business

Read More: Swiss Baking Federation, Economic Crisis, Aig, American International Group, Robert Johnson, Eliot Spitzer, Swiss National Bank, Ubs, Bailout, Rob Johnson, Spitzer, Financial Crisis, Bank Bailout, Business News

Inquiring minds want to know ... where's the inquiry? Three prominent former prosecutors are calling for the government to make AIG release interna...

Read Whole Story

Pay Czar Caves On AIG Pay, Lifts $500,000 Salary Limit

Huffington Post | Ryan McCarthy | Posted 12.08.2009 | Business

Read More: AIG Retention Bonuses, AIG FP, Aig, Obama, American International Group, Kenneth Feinberg, Wall Street Journal, Business News

Just one day after five execs reportedly threatened to jump ship over government-mandated pay cuts, Obama's "Pay Czar" Kenneth Feinberg is lifting a b...

Read Whole Story

AIG Executives Threaten To Quit Over Cuts Issued By Pay Czar

Posted 12.07.2009 | Business

Read More: AIG Bailout, Aig, American International Group, Bailout, Kenneth Feinberg, Aig Bonuses, Robert Benmosche, Business News

Five top AIG execs are threatening to resign if their pay is slashed significantly by Obama's pay czar, the Wall Street Journal reports today. The ...

Read Whole Story

Goldman Sachs Would Have Been Damaged By AIG Failure: SIGTARP Report

Huffington Post | Ryan McCarthy | Posted 11.18.2009 | Business

Read More: Cdos, Goldman Sachs, David-Viniar, Credit Default Obligations, Tim Geithner, Derivatives, Neil Barofsky, Aig, Credit Default Swaps, American International Group, Business News

Last April, Goldman Sachs CFO David Viniar said he was "mystified" by concerns that the government bailout of AIG may have disproportionately favored ...

Read Whole Story

Shahien Nasiripour

Geithner Singled Out In TARP Watchdog Neil Barofsky's Scathing Report On AIG Bailout

HuffingtonPost.com | Shahien Nasiripour | Posted 11.17.2009 | Business

Read More: Tarp, Wells Fargo, Troubled Asset Relief Program, Bank of America, Federal Reserve, Neil Barofsky, Aig, American International Group, Federal Reserve Bank of New York, Merrill Lynch, Goldman Sachs, Bailout, Tim Geithner, Financial Crisis, Wachovia, Sigtarp, Business News

A brutal report issued Monday by a government watchdog holds Timothy Geithner -- then the head of the Federal Reserve Bank of New York and now the nat...

Read Whole Story

AIG Posts 2nd Consecutive Quarterly Profit

AP | STEPHEN BERNARD | Posted 11.06.2009 | Business

Read More: Aig, AIG 2nd Quarter Earnings, Bailout, AIG Bailout, American International Group, AIG Earnings, Robert Benmosche, Business News

NEW YORK — AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the co...

Read Whole Story

AIG Swaps: New York Fed's Secret Choice To Pay For AIG Swaps Cost Taxpayers $13 Billion

bloomberg.com | Richard Teitelbaum and Hugh Son | Posted 10.27.2009 | Business

Read More: Elias Habayeb, Aig, Credit Default Swaps, American International Group, Tim Geithner, New York Federal Reserve Bank, Business News

Oct. 27 (Bloomberg) -- In the months leading up to the September 2008 collapse of giant insurer American International Group Inc., Elias Habayeb and h...

Read Whole Story

Wiping Blood Off White Buck Shoes

Leo W. Gerard | Posted 10.23.2009 | Business

Read More: Citigroup, President Obama, Orin Kramer, Realtytrac, JPMorgan Chase & Co., American International Group, Barack Obama, New York, Chrysler, Aig, Goldman Sachs, Bank of America, Merrill Lynch, Dr. Daniel E. Fass, Morgan Stanley, University of California, General Motors, Wall Street, Bonus, Lehman Brothers, Great Recession, White Shoe, New York Times, U.S. Census, London Telegraph, David D. Kirkpatrick, Business News
Leo W. Gerard

In New York, the oldest and snobbiest financial ventures are called "white shoe" firms. Their arrogance, risky investments and confounding dealing in derivatives threw the rest of us into the Great Recession.

Read Post

Benmosche, AIG CEO, Has $10.5 Million Pay Package Approved By Pay Czar

Oct. 6, 2009 | David Goldman, CNNMoney.Com Staff Writer | Posted 10.06.2009 | Business

Read More: Aig, Pay Czar, American International Group, Rober Benmosche, Kenneth Feinberg, Business News

NEW YORK (CNNMoney.com) -- AIG Chief Executive Robert Benmosche's $10.5 million annual pay package has been formally approved by Obama administration ...

Read Whole Story

AIG's Joseph Cassano In Westport, CT: BACK On U.S. Soil

Posted 11.29.2009 | Business

Read More: AIG Financial Products, Westport, Ellen Hooker, Joseph Cassano, Connecticut, Aig, American International Group, Business News

The former AIG exec dubbed "The Man Who Crashed The World" by Vanity Fair is back in the U.S. Reuters broke the news that Joseph Cassano, the form...

Read Whole Story

Greenberg's AIG Rescue Plan Makes Him $588 Million Richer

nypost.com | Paul Tharp | Posted 11.22.2009 | Business

Read More: Financial Crisis, Aig, American International Group, Edolphus Towns, Bailouts, Hank Greenberg, Business News

Hank Greenberg's triumphant return to his beloved American International Group is nearly complete -- making him $588 million richer than he was in the...

Read Whole Story

GAO: AIG Improving, But May Never Fully Repay Taxpayers

AP | BY JEANNINE AVERSA | Posted 11.21.2009 | Business

Read More: Aig, American International Group, Bailout, Gao, Government Accountability Office, Business News

WASHINGTON — Shares of American International Group Inc. jumped more than 20 percent Monday after the head of the House Committee on Oversight a...

Read Whole Story

AIG Board Tells CEO He Can't Use Private Plane For Personal Matters

bloomberg.com | Hugh Son and Christine Harper | Posted 11.17.2009 | Business

Read More: AIG Corporate Jet, Bailout, Private Plane, Aig, American International Group, AIG CEO, AIG Board, Robert Benmosche, Business News

Sept. 17 (Bloomberg) -- American International Group Inc. Chief Executive Officer Robert Benmosche was rebuffed by the insurer's board after saying he...

Read Whole Story

AIG Fights Pentagon Move To Insure Civilian War Contractors

ProPublica | T. Christian Miller | Posted 11.16.2009 | Business

Read More: Pentagon, Civilian Contractors, Aig, American International Group, Defense Base Act, Business News

WASHINGTON, D.C. -- Congress could save as much as $250 million a year through a sweeping overhaul of the controversial U.S. system to care for civili...

Read Whole Story

Joseph Cassano, AIG Execs Could Face Grand Jury In Brooklyn

wsj.com | AMIR EFRATI and SUSAN PULLIAM | Posted 11.11.2009 | Business

Read More: Joseph Cassano, AIG Grand Jury, Aig, Financial Crisis, American International Group, Credit Crunch, Justice Department, Business News

Federal prosecutors, capping an 18-month investigation, are preparing to impanel a grand jury in Brooklyn, N.Y., to consider an indictment of a former...

Read Whole Story

Robert Benmosche, AIG CEO, Says Attorney General Cuomo Is "Unbelievably Wrong" For Going After Wall Street Bonuses

Bloomberg | Hugh Son | Posted 10.16.2009 | New York

Read More: New York Attorney General Cuomo, Robert Benmosche, Aig, Andrew Cuomo, Wall Street, Andrew Cuomo Wall Street, American International Group, AIG CEO, Wall Street Bonuses, New York, New York News

American International Group Inc. Chief Executive Officer Robert Benmosche told employees that New York Attorney General Andrew Cuomo was "unbelievabl...

Read Whole Story

AIG CEO Benmosche Slams "Lynch Mob" Attacks, Defends His Croatian Vacation

Reuters | Adam Tanner | Posted 09.27.2009 | Business

Read More: AIG Ceo Croatia, Aig, American International Group, AIG CEO, Robert Bemmosche, Business News

DUBROVNIK, Croatia (Reuters) - Wearing flip-flops, khaki shorts and a green polo shirt, the new chief executive of bailed-out insurer American Interna...

Read Whole Story

Benmosche, New AIG CEO Will Get $7M Annual Salary

foxbusiness.com | Posted 09.17.2009 | Business

Read More: Tarp, Aig, American International Group, Robert-Benmosche, Business News

SAN FRANCISCO -- American International Group said Monday that it agreed to pay new Chief Executive Robert Benmosche an annual salary of $7 million. T...

Read Whole Story

Benmosche, New AIG CEO, Starts Tenure With Two-Week Vacation

bloomberg.com | Posted 09.12.2009 | Business

Read More: Aig, American International Group, Robert Benmosche, Business News

Aug. 11 (Bloomberg) -- Robert Benmosche, the chief executive officer of American International Group Inc., plans to spend part of his first month lead...

Read Whole Story

AIG Reports 2Q Profit, First Since 2007

AP | Joshua Freed, AP Business Writer | Posted 09.07.2009 | Business

Read More: Aig, American International Group, AIG Earnings, AIG Profit, Business News

American International Group Inc. reported its first quarterly profit since 2007 on Friday, as the company saw stability in some of its businesses. A...

Read Whole Story

DOJ Launches Broad Investigation Into Derivatives Market

nytimes.com | ERIC DASH | Posted 08.15.2009 | Business

Read More: Aig, Credit Derivatives, Credot Default Swaps, Markit, Doj, Derivatives, American International Group, Business News

The Justice Department is investigating the role of several major companies in the credit markets, in another indication that the government is intens...

Read Whole Story

Ironic Ads From Before The Bailout: AIG, Countrywide, RBS, Bank Of America

The Huffington Post | Ryan McCarthy | Posted 08.13.2009 | Business

Read More: Bank of America, Aig, American International Group, Countrywide Financial, Royal Bank of Scotland, Bank-Bailout, Finance, Feconomy, Economy, Bank, Business News

Ok, so we all know the world has changed. The financial markets have been upended, and we're all more than a little chastened by the excesses of the p...

Read Whole Story

AIG May Have Zero Value After Rescue, Citigroup Says

Bloomberg News | Posted 08.09.2009 | Business

Read More: Aig, AIG Citigroup, AIG Shareholders, AIG Worth Zero, AIG Value, AIG Worth, American International Group, Business News

American International Group Inc., the insurer bailed out four times by the government, fell the most in nine months after Citigroup Inc. said the fir...

Read Whole Story