All the headlines from our AIG Topic Page, ordered by recency.
Feb 4 2010 // U.S. Treasury Secretary Timothy Geithner said Wednesday that insurer AIG’s multimillion-dollar bonus contracts were “outrageous,” but Congress can help recoup these payments by passing an Obama...
Feb 3 2010 // President Barack Obama’s pay czar Wednesday predicted the issue of hefty bonuses for AIG employees would end in March and denied a Republican claim that the firm outmaneuvered the Obama administration.“It ends...
Feb 1 2010 // A controversial regulatory filing detailing the federal bailout of American International Group Inc. could put the spotlight back on the former executive who headed the division most responsible for the insurer’s...
Jan 29 2010 // Most current employees at the financial products unit of American International Group Inc. eligible for money owed them under a retention plan told the company they would accept less money in return for an earlier payout,...
Jan 28 2010 // U.S. lawmakers challenged Treasury Secretary Timothy Geithner’s credibility on Wednesday after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62 billion paid to...
Jan 27 2010 // An overseer for the U.S. bailout program said Tuesday that France’s banking regulator was open to further negotiations over possible concessions on payments from bailed out insurer AIG, according to prepared...
Jan 27 2010 // Former U.S. Treasury Secretary Henry Paulson staunchly defended the decision to rescue troubled insurer American International Group Inc. in 2008 and said he and others involved acted properly.In testimony prepared for a...
Jan 27 2010 // U.S. Treasury Secretary Timothy Geithner flatly denied any role in counseling American International Group Inc. to keep quiet about payments it made to leading banks during a 2008 rescue of the stricken insurer.Geithner...
Jan 26 2010 // American International Group has decided not to sell its aircraft leasing unit, International Lease Finance Corp, the Financial Times said, citing people close to the situation.AIG has realized that it will not reap a big...
Jan 26 2010 // A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank’s actions on insurer AIG’s disclosure of payments to banks after its 2008 rescue, excerpts of prepared...
Jan 26 2010 // American International Group Inc. has given employees of its Financial Products unit until Tuesday to accept a cut in money owed them under a retention plan in return for an earlier payout, according to proposals obtained...
Jan 25 2010 // U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security,...
Jan 24 2010 // No Effective Legal Means “We had no effective legal means to step in and prevent default (at AIG) … without helping this firm meet all its legal obligations.” —U.S. Treasury Secretary Timothy Geithner...
Jan 24 2010 // No Effective Legal Means“We had no effective legal means to step in and prevent default (at AIG) … without helping this firm meet all its legal obligations.” —U.S. Treasury Secretary Timothy Geithner...
Jan 24 2010 // U.S. Treasury Secretary Timothy Geithner said this month the bailout of insurer American International Group was not meant to help out bank counterparties and that he had no role in the decision not to disclose payments...
Jan 24 2010 // It could take until November 2018 to get the full story behind the U.S. bailout of insurance giant American International Group because of an action taken last year by the Securities and Exchange Commission.In May, the SEC...
Jan 21 2010 // A substantial number of AIG’s Financial Products employees set to get some $195 million in retention payments no longer work with the bailed out insurer, sources familiar with the matter said Wednesday.This will be...
Jan 20 2010 // Federal Reserve officials Tuesday launched a vigorous defense of their dealings with American International Group, calling for a congressional audit and denying any inappropriate action with respect to payments the...
Jan 20 2010 // MetLife Inc. is in talks to buy AIG’s American Life Insurance Co (Alico) unit in a deal that could be valued between $14 billion and $15 billion, a source familiar with the matter said Tuesday.Nothing has been...
Jan 20 2010 // The Securities and Exchange Commission today charged General Re Corp. for its involvement in separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify their reported...