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American International Group

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...

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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...

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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.

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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 ...

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

Posted 09.30.2009 | 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...

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

nypost.com | Paul Tharp | Posted 09.22.2009 | 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...

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GAO: AIG Improving, But May Never Fully Repay Taxpayers

AP | BY JEANNINE AVERSA | Posted 09.21.2009 | 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...

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

bloomberg.com | Hugh Son and Christine Harper | Posted 09.17.2009 | 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...

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AIG Fights Pentagon Move To Insure Civilian War Contractors

ProPublica | T. Christian Miller | Posted 09.16.2009 | 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...

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Joseph Cassano, AIG Execs Could Face Grand Jury In Brooklyn

wsj.com | AMIR EFRATI and SUSAN PULLIAM | Posted 09.11.2009 | 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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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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...

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AIG Stock Gives Them "Excellent Chance" To Repay U.S.

Bloomberg | Posted 08.01.2009 | Home

Read More: Aig, American International Group, AIG Stock, Home News

American International Group Inc., the insurer bailed out by the U.S., has an "excellent chance of repaying the government, outgoing Chief Executive O...

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Consumerist: AIG Gets Worst Company Award

Wcia 2009 | Posted 07.23.2009 | Business

Read More: Worst-Company-in-America, Aig, Consumerist, American International Group, Business News

We put AIG's Worst Company in American 2009 award in the mail today. Here is the congratulatory letter that accompanied their prize: Get HuffPost B...

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AIG Closes Washington Lobbying Office

thehill.com | Silla Brush | Posted 07.19.2009 | Business

Read More: Aig, American International Group, Aig-Capitol-Hill, AIG Bailout, AIG Lobbying, Business News

American International Group (AIG), the insurance firm that has received roughly $180 billion in government support in the financial crisis, is offici...

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AIG Sues Greenberg, Ex-CEO, For $4.3 Billion Stock Sale

nytimes.com | MARY WILLIAMS WALSH | Posted 07.16.2009 | Business

Read More: David Boeis, Aig, AIG Bailout, Maurice "Hank" Greenberg, American International Group, Business News

The latest act in the drama of the American International Group opens Monday when the ailing insurance giant takes its former chief executive to court...

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AIG Wants Charity Money Back To Pay Bonuses

New York Post | Posted 07.02.2009 | Business

Read More: Maurice "Hank" Greenberg, AIG Bonus, Aig Bonuses, Hank Greenberg, Aig, American International Group, AIG Charity, Business News

Insurance giant AIG is trying to seize a $490 million charitable endowment -- and claw back $27 million it already awarded to New York charities -- to...

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Ryan Grim

Liddy Unsure If AIG Wrote Credit Default Swaps on GM, Chrysler Debt

HuffingtonPost.com | Ryan Grim | Posted 06.13.2009 | Business

Read More: General Motors, Chrysler, Ed Liddy, AIG Bailout, Aig, Credit Default Swaps, American International Group, Edward Liddy, Business News

Edward Liddy, chairman of American International Group, told a congressional oversight panel Wednesday that he did not know if AIG had issued credit d...

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AIG A Shadow Of Its Former Self, Likely Doomed For Failure: CNN

CNN | David Goldman | Posted 05.29.2009 | Business

Read More: American International Group, Financial Crisis, Aig, Aig Doomed for Failure, Bank Bailouts, Aig Crisis, Business News

Once a titan in the insurance world, AIG is a shadow of its former self, and experts say the company is likely doomed for failure. That's partly beca...

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