August 31, 2011
The American International Group (AIG) building is seen in New York's financial district March 16, 2009. Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with [...]
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May 25, 2011
The logo of American International Group (AIG) is seen at their offices in New York in this file photograph from September 18, 2008. The US Treasury made a small profit when it sold a portion of its shares in American International Group Inc on Tuesday, but it was unclear how its investment in the beleaguered [...]
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June 26, 2009
A sign for American Life Insurance Co. (Alico) hangs outside the AIG building in Tokyo. American International Group Inc. paved the way for two units to sell stock by agreeing to give preferred shares to the Federal Reserve Bank of New York and reduce its debt to the central bank by US$25 billion. The company [...]
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March 24, 2009
New York-based AIG, which received a US$173 billion federal bailout, sparked an outcry by paying $165 million in bonuses this month to employees of the financial products unit that almost bankrupted the company American International Group Inc.âs president for Southeast Asia, Leslie Mouat, said the âabuseâ against the insurerâs employees amid furor over bonus payments [...]
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March 22, 2009
American International Group, Inc., a major American insurance corporation that caused outrage by paying out huge bonuses after receiving emergency money from the U.S. government, may have paid more bonuses that previously reported, local media said. A man is seen behind the window at the office of the American International Group (AIG) in lower Manhattan [...]
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March 20, 2009
The U.S. House of Representatives passed a bill on Thursday to impose a 90-percent tax on bonuses paid out to executives by firms receiving government bailout money like insurance giant American International Group (AIG). Edward Liddy (L), chief executive officer of American International Insurance group (AIG), testifies before the House Financial Services Committee as they [...]
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March 19, 2009
Code Pink protesters hold up signs as Edward Liddy, chairman and CEO of the American International Group arrives at a House Financial Services Committee hearing on Capitol Hil in Washington, DC. Liddy battled to placate public fury over big bonuses a Fuming US lawmakers readied to hit AIG fat-cats in the wallet as President Barack [...]
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March 19, 2009
The head of financially troubled insurance giant American International Group (AIG) on Wednesday called on top-earning employees to voluntarily return at least half of the bonuses. Edward Liddy (2nd R), chief executive officer of American International Insurance group (AIG), arrives to testify before the House Financial Services Committee as they hold a hearing on “American [...]
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February 25, 2009
American International Group Inc., once the largest insurer by assets, may report a record fourth-quarter loss of US$60 billion, the CNBC television network said Monday, citing a source it did not identify American International Group Inc. (AIG) may restructure its US$150 billion rescue package for a second time in four months as the recession and [...]
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February 7, 2009
The US government’s “subsidy” â“ the percentage difference between the value paid and the value received â“ was largest for AIG at 63 percent and smallest for US Bancorp at 5 percent. The US Treasury Department bank bailout program received the least value from its investments in the most troubled surviving institutions, American International Group [...]
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