Just two years ago, it looked as if U.S. taxpayers might never recoup the billions spent to save insurance giant AIG. [Check out our political cartoons about the economy.] A detailed report by the ...
WASHINGTON – American International Group is giving its executives tens of millions of dollars in new bonuses even though it received a taxpayer bailout of more than $170 billion dollars. AIG is ...
CHARLOTTE, N.C. -- Struggling insurer American International Group Inc. will receive up to $30 billion in additional federal assistance in the fourth government rescue of the company, people familiar ...
New York Fed general counsel Thomas Baxter Jr. tells House Oversight Committee hearing that the Fed acted during a 'frenetic' time of global financial instability, as panel Chairman Towns says banks ...
Last year, Congress approved a $700 billion Troubled Assets Relief Program bailout to stabilize the financial sector. AIG came under attack in October when it spent hundreds of thousands on a retreat ...
The government on Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership. The ...
WASHINGTON (AP) — Timothy Geithner, a key player in the U.S. government’s 2008 bailout of American International Group Inc., is due back in court Wednesday in a trial of a lawsuit filed by the ...
WASHINGTON Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers ...
E-mails among in-house lawyers at the Federal Reserve Bank of New York show they worked feverishly in early January 2009 to find a way to keep secret the details behind American International Group, ...
Discover how AIG earns through insurance, investment, and financial services, and learn how past challenges shaped its ...
A judge has ruled that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International Group Inc. Judge Thomas Wheeler of ...
Those funds allowed AIG to pay off counterparties like Goldman Sachs in full and reward executives with $165 million in bonuses in 2008, even though AIG lost $61.7 billion in the fourth quarter of ...