american international group
By John Grgurich, The Motley Fool
| 3:00PM 5/11/2012
JPMorgan Chase's rapid $2 billion trading loss reportedly involved credit default swaps -- the same investments that played such a large role in the financial crisis. Here's why credit default swaps still pose such a threat to the U.S. economy.
By Rich Smith, The Motley Fool
| 3:45PM 4/10/2012
News that the Treasury Department had frozen or reduced executive salaries at companies bailed out under TARP prompted a range of reactions, but here's one you probably didn't hear.
| 4:18PM 4/06/2012
Nearly 70 top executives at three companies bailed out by the taxpayers during the 2008 financial crisis -- AIG, Ally Financial and GM -- were ordered to take pay 10% cuts by the federal government, and the CEOs had their pay frozen at 2011 levels.
By Rich Smith, The Motley Fool
| 3:40PM 3/22/2012
Whether or not you think the billions invested in saving the financial industry was worth the cost, the banks were saved. And at least one of those bailouts actually turned a big profit.
| 5:00AM 1/12/2011
In a second attempt to sell its 97.6% stake in Nan Shan Life Insurance, a Taiwanese insurer, American International Group has agreed to a $2.16 billion deal with the Ruen Chen consortium. But regulators nixed another sale agreement just five months ago. Will this deal go through?
| 5:30PM 12/08/2010
Insurance giant American International Group on Wednesday signed an agreement with the government that details its plan to repay its government loans. Meanwhile, The Wall Street Journal reports that the government plans to sell much of AIG's stock in the next few months.
| 7:45PM 10/26/2010
The U.S. government's bailout has been less than effective in helping U.S. homeowners avoid foreclosure and could end up costing more than expected, according to a report from the Troubled Asset Relief Program's special inspector general.
| 9:35AM 10/18/2010
Institutional demand for American International Group's $15 billion initial public offering for AIA, its Asian life insurance unit, is so strong that AIG may close it to institutional buyers two days earlier than planned.
| 8:30PM 10/05/2010
The federal bailout program will end up costing taxpayers at least 85% less than expected, according to the Treasury Department, which estimates a bill of $30 billion to $50 billion. The Congressional Budget Office initially expected the program to cost $350 billion.
| 6:13PM 9/29/2010
American International Group's board of directors is expected to vote Wednesday on a plan to exit the government's bailout program, according to comments made by AIG Chairman Steve Miller during an investment conference.