Posts Tagged ‘ International group ’

Bank of America kept AIG legal threat under wraps 

August 31, 2011
Bank of America kept AIG legal threat under wraps 

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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AIG share sale raises $8.7 billion after record bailout 

May 25, 2011
AIG share sale raises $8.7 billion after record bailout 

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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Phu Yen is a cut above the pack

June 27, 2009
Phu Yen is a cut above the pack

Barriers have been torn down to open the way to greater investment opportunities in the province.LookAtVietnam – Taking advantage of a long coastline and the country’s energy development strategy, central Phu Yen province is luring more and more investors.  Barriers have been torn down to open the way to greater investment opportunities in the province Unlike [...]

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AIG gives out more bonuses than previously reported

March 22, 2009
AIG gives out more bonuses than previously reported

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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AIG boss, Obama in the hot-seats as Congress fumes

March 19, 2009
AIG boss, Obama in the hot-seats as Congress fumes

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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Posted in International, News | 1 Comment »

US insurer may restructure rescue package for second time

February 25, 2009
US insurer may restructure rescue package for second time

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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AIG, Citi deals gave US Treasury least value

February 7, 2009
AIG, Citi deals gave US Treasury least value

The US government’s “subsidy” – the percentage difference between the value paid and the value received – 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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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...