Aig Stories
Outgoing AIG counsel to get millions in severance pay: report
American International Group Inc is preparing to pay its departing general counsel several million dollars in severance after she resigned over federal pay curbs, the Wall Street Journal reported on Monday.
AIG investigated executives regarding pay moves: report
American International Group Inc investigated five executives who threatened to resign over federal pay limits, the Wall Street Journal reported on Wednesday.
AIG halts Chartis unit IPO efforts: source
American International Group Inc has halted efforts to sell a stake in Chartis, as Chief Executive Robert Benmosche focuses on expanding the property and casualty unit, a person familiar with the situation said on Tuesday.
U.S. pay czar allows incentives for key AIG employee
U.S. pay czar Kenneth Feinberg yielded on Monday to pleas from American International Group to modify terms for a top employee the embattled insurer said was vital to its regaining stability.
Pay czar allows incentives for a key AIG employee
U.S. pay czar Kenneth Feinberg yielded on Monday to pleas from American International Group to modify terms for a top employee the embattled insurer said was vital to its regaining stability.
AIG Chief tackles government repayment head-on
Bailed-out U.S. insurer American International Group will take at least two years to repay its debt, but is benefiting from an aggressive management style, said Chief Executive Officer Robert Benmosche in an FT interview.
AIG to file prospectus for AIA IPO: report
Bailed-out U.S. insurer American International Group plans to file a prospectus for a multibillion-dollar IPO of its Asian life insurance unit before Christmas, the Financial Times reported on Thursday.
AIG top staff struggle financially: report
Top executives at troubled insurer American International Group have been struggling financially after taking personal losses in the wake of the near-collapse of the company last year, AIG's chief executive Robert Benmosche told the Wall Street Journal in an interview.
Goldman Sachs played bigger role in AIG trades: report
Goldman Sachs Group Inc played a bigger role in fueling the mortgage bets that crippled American Insurance Group Inc than has been publicly disclosed, the Wall Street Journal reported on Saturday.
New pay limits for second set of AIG, Citi, GM employees
The new restrictions covering the most of the 26 to 100 most highly compensated employees at bailed out firms AIG, Citigroup, GM and GMAC were issued today by President Obama's Pay Czar Stephen Feinberg.
House approves financial regulation overhaul
The U.S. House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and congressional Democrats.
House tackling historic financial reforms
As the House of Representatives moved closer on Thursday to debating the most sweeping changes to financial regulation proposed since the Great Depression, a raft of late amendments were headed to the floor as lawmakers wrangled over the legislation.
Financial reforms win procedural vote in U.S. House
The U.S. House of Representatives approved a procedural rule on Wednesday that cleared the way for floor debate to begin on legislation that would give the government broad new powers over large financial firms and tighten bank and capital market regulation.
U.S. pay czar to exempt some AIG execs from salary cap: report
Kenneth Feinberg, the Obama administration's pay czar, will exempt some executives at American International Group from a $500,000 salary cap after at least five employees threatened to quit, Bloomberg reported citing people familiar with the matter.
Five AIG execs say may quit over pay: report
Five senior executives at American International Group told the insurer last week they may quit if their compensation was cut significantly by the U.S. pay czar, the Wall Street Journal reported on Sunday.
AIG solicits offers for ILFC: sources
AIG is soliciting bids for its International Lease Finance Corp after a group led by the unit's chief offered to buy a small portion of the aircraft lessor's fleet, according to sources familiar with the matter.
Exclusive: AIG solicits offers for ILFC after Hazy bid
American International Group Inc is soliciting bids for its International Lease Finance Corp after a group led by the unit's chief offered to buy a small portion of the aircraft lessor's fleet, according to sources familiar with the matter.
AIG closes New York Fed deal, slashing debt
Bailed-out insurer AIG said on Tuesday it had closed a pact with the New York Federal Reserve that slashes its debt under a credit facility by more than half, to $17 billion.
AIG shares fall after analyst questions reserves
Shares of AIG fell 12 percent on Monday after an analyst raised concerns about a possible deficiency in the company's non-life insurance reserves.
Chinatrust asked to think about stake buy of AIG unit
Taiwan regulators suggested on Thursday that Chinatrust Financial think carefully about its plan to buy a stake in AIG's Taiwan Nan Shan unit from China Strategic.
AIG, ex-CEO Greenberg reach pact to settle disputes
AIG and former chief executive Maurice Hank Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can use to write his memoir, as well as prized photographs and a Persian carpet.
AIG board OKs CEO pay, as Benmosche agrees to stay
American International Group Inc , the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche's $7 million compensation, after it laid to rest concerns that he may quit the post.
U.S. officials press Feinberg to ease AIG curbs: report
Kenneth Feinberg, the Obama administration's pay czar, is being pressed by federal officials to relax executive compensation restrictions at American International Group Inc for 2010, the Wall Street Journal reported, citing people familiar with the matter.
Geithner, under fire, defends AIG bailout
U.S. Treasury Secretary Timothy Geithner on Thursday defended the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
AIG board meets Tues, no plan on CEO: source
An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
AIG board to meet Tues, no action on Benmosche: source
An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
AIG board to meet Tues, no plan on Benmosche: source
An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
Goldman was exposed to AIG losses: government report
Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.
Goldman was exposed to AIG losses - govt report
Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.
House Dems sharpening too big to fail plan
A key U.S. congressional panel moved toward toughening a plan for dealing with too big to fail financial firms on Tuesday, while rejecting a Republican alternative that is expected to reappear later.