Aig Stories
CORRECTED: AIG can proceed with workers comp lawsuit vs rivals
Corrects first name of lawyer in paragraph 5.
AIG CEO and chairman to work out differences: source
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds over a botched sale of the company's Asian life unit, have agreed to work out their differences, a source familiar with the situation said on Thursday.
AIG CEO, chairman to work out differences: report
American International Group Inc Chief Executive Robert Benmosche and Chairman Harvey Golub, at odds since a botched sale of the company's Asian life unit, will try to work out their differences, the Wall Street Journal reported on Thursday.
Goldman says claims against AIG were legitimate
Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.
Goldman says claims on AIG were legitimate
Goldman Sachs officials insisted demands for billions of dollars from insurer AIG ahead of a $182-billion government rescue package were based on legitimate market prices and denied gaming values for a massive payout.
Goldman says demand for AIG money was for clients
Goldman Sachs demanded billions of dollars in collateral from AIG to protect its customers, the Wall Street bank said on Thursday, defending itself against accusations that it contributed to the insurer's woes while padding its own profits.
Goldman, AIG trade barbs over collateral calls
Goldman Sachs demanded billions of dollars in collateral from AIG to protect its customers, the Wall Street bank said on Thursday, defending itself against accusations that it contributed to the insurer's woes while padding its own profits.
AIG CEO threatened to quit if chairman stays: report
American International Group Inc Chief Executive Robert Benmosche said last week he would quit unless Chairman Harvey Golub leaves the company, Bloomberg reported on Wednesday.
Goldman's Cohn, AIG face crisis panel
Goldman Sachs and bailed out insurer American International Group face a rough two days of questioning about the destructive relationship that contributed to the 2008 financial crisis.
Crisis panel to examine Goldman, AIG ties
Goldman Sachs and bailed out insurer American International Group face a rough two days of questioning about the destructive relationship that contributed to the 2008 financial crisis.
Crisis commission to examine Goldman, AIG ties
A U.S. commission is planning to focus on the ties between Goldman Sachs Group Inc and American International Group Inc, and how derivatives transactions between the two financial giants may have contributed to the financial crisis.
AIG CEO and Chairman at odds over failed AIA deal: report
American International Group's failed sale of its Asian life insurance unit AIA has led to increased tensions between Chief Executive Robert Benmosche and Chairman Harvey Golub, the Financial Times said, citing people close to the situation.
Lawmakers near breakthrough in Wall St bill
U.S. lawmakers on Friday neared a breakthrough in their historic rewrite of financial regulations as they agreed to tough new limits on banks' trading activity and floated a compromise on derivatives.
SEC said to end probe of AIG and executives
Market regulators have closed an investigation of American International Group and some of its executives over losses at the bailed-out insurance giant, two sources with knowledge of the matter said on Wednesday.
Tough Wall Street bill seen as lawmakers convene
U.S. lawmakers proposed no new limits on banks on Thursday as they met to hammer out a final overhaul of Wall Street regulations, but they voiced strong support for measures that directly threaten industry profits.
Pru denies report of renewed bid for AIG unit
UK insurer Prudential is not considering a renewed attempt to buy AIG's Asian life unit, a spokesman for the company said on Sunday, denying a media report that a fresh takeover proposal was in the works.
UK's Pru denies report of renewed bid for AIG unit
UK insurer Prudential is not considering a renewed attempt to buy AIG's Asian life unit, a spokesman for the company said on Sunday, denying a media report that a fresh takeover proposal was in the works.
Pru deal near collapse as AIG snubs lower offer
Prudential Plc's bid for AIG's Asian life insurance unit was close to collapse on Tuesday after the two failed to negotiate a price cut, raising questions about the future of the British insurer and its chief executive.
Prudential deal near collapse as AIG snubs lower offer
Prudential Plc's bid for rival AIG's Asian unit was close to collapse after the British insurer failed to secure a price cut, triggering talk it might itself become a takeover target.
AIG says will stick to original deal with Prudential
American International Group will not cut the terms of the $35.5 billion takeover deal previously agreed with British insurer Prudential Plc, potentially threatening the deal.
AIG snubs lower Pru offer putting deal in jeopardy
American International Group said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc, in a move that threatens to derail the industry's largest ever transaction.
AIG sees $30 billion for Asian unit too low: source
American International Group Inc believes $30 billion for its Asian unit, AIA is too low, and the U.S. insurer is not in a rush to do a deal, a source familiar with the matter said late on Friday.
AIG on path to repay taxpayers; loss risk seen
American International Group is on its way to repaying government bailout money, its chief executive said on Wednesday, but a Treasury official warned taxpayers could still face losses.
Once AIG repays government, won't be too big to fail
American International Group Chief Executive Robert Benmosche said on Wednesday that after the bailed-out insurer repays the government it will no longer be too big to fail.
AIG risks reduced, recovery uncertain: Treasury
Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S. Treasury official said on Wednesday.
Treasury: AIG risks reduced but recovery uncertain
Bailed-out insurance giant American International Group has slashed its exposure to credit derivatives by nearly two-thirds under government ownership, but a full recovery for taxpayers remains uncertain, a senior U.S. Treasury official said on Wednesday.
AIG to revisit float plan if Pru bid fails: report
The Treasury is re-looking at plans to float the Asian unit of AIG in case a bid by Prudential to buy the AIA fails, two British newspapers reported on Sunday.
U.S. drops criminal probe of AIG execs:source
The U.S. Justice Department has dropped a probe of American International Group Inc executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge taxpayer bailout, lawyers for the executives said on Saturday.
AIG welcomes U.S. Justice Department decision
American International Group Inc on Saturday praised a Justice Department decision it did not specifically identify, but may relate to published reports that federal prosecutors will not charge company executives over credit default swaps.
AIG taps ex-Airbus executive to lead ILFC: report
American International Group has named Henri Courpron as chief executive officer of its aircraft leasing unit, International Lease Finance Corp , the Wall Street Journal said.