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Treasury Secretary Geithner defends Fed actions on AIG bailout
Treasury Secretary Timothy Geithner drew sharp criticism from Democrats and Republicans alike Wednesday for his role in the $180-billion-plus taxpayer bailout of insurance giant American International Group, with some challenging his claim that he played no role in withholding information about AIG deals with business partners.
AIG Advisor Group to slash jobs, support for its three B-Ds
After a year of turmoil, the AIG Advisor Group is cutting a chunk of its staff and consolidating operations among the back offices of its three broker-dealers.
AIG Advisor Group’s retention bonuses will be paid out by its B-Ds, not its parent
As details of the AIG Advisor Group Inc.'s retention package for a select number of 6,000 brokers and advisers seeped out this week, AIG officials and advisers made clear that the money for these bonus payments is not coming from its cash-strapped parent — insurance giant American International Group Inc. — but from each of the three broker-dealers in the network.
New CEO, new plan: Sale of AIG B-D network is scrapped
In a stunning turnaround, American International Group has decided to hang onto its beleaguered group of broker-dealers.
Report: AIG CEO ready to quit over pay constraints
After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.
Report: AIG discussing sale of unit to MetLife
Insurer American International Group Inc. is discussing a possible deal to sell all or part of one of…
Appeal of life settlement securitizations seen as limited
Buzz is building among financial firms about arranging life settlement securitizations, but experts question the structured products' viability as an investment amid a lengthy list of risks and a limited track record of successful transactions.
U.S. challenges Geithner deposition in AIG lawsuit
The federal government is challenging a Michigan's man request to interview the Treasury Secretary in a lawsuit over the bailout of American International Group Inc.
Reps. Towns, Cummings ask GAO to probe AIG bailout
Two House lawmakers asked Congress' investigative arm on Thursday to review the Federal Reserve's role in the rescue of the insurer American International Group Inc.
Fed head Bernanke asks GAO to review AIG bailout
Federal Reserve Chairman Ben Bernanke is asking Congress' investigative arm to conduct a "full review" of the Fed's publicly derided bailout of insurance giant American International Group.
Geithner’s N.Y. Fed told AIG to dummy up about bank counterparties
Controversial deals that sent billions of bailout dollars to Goldman Sachs and other banks were kept quiet under pressure from the Federal Reserve Bank of New York, then led by Treasury Secretary Timothy Geithner.
House to grill Geithner about AIG bailout secrecy
A House committee is planning to grill Treasury Secretary Timothy Geithner about his role in the massive bailout of failed insurer American International Group Inc.
Treasury’s Geithner faces new questions about backdoor bailouts
Treasury Secretary Timothy Geithner will face fresh questions Wednesday about transparency and his ties to the Wall Street…
California couple sues VALIC over its annuity sales practices
A California couple has filed suit against The Variable Annuity Life Insurance Co., an American International Group Inc. subsidiary, claiming that the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
House subpoenas Geithner’s AIG e-mails, phone logs
A House committee probing bailout deals has subpoenaed the Federal Reserve Bank of New York for correspondence from Treasury Secretary Timothy Geithner and other officials.
AIG slashes debt to Uncle Sam by $25B
American International Group says it has slashed the amount of money it owes the government by $25 billion after moving two subsidiaries into special holding units ahead of their planned spinoffs or sale.
Greenberg to sell AIG stock for at least $278M
In an SEC filing, Mr. Greenberg's investment vehicle, Zug, Switzerland-based Starr International Co. Inc., said it would sell the shares to UBS Securities LLC during the next three years.
Calif. couple sues VALIC over annuity sales practices
A California couple has filed suit against The Variable Annuity Life Insurance Co., an AIG Inc. subsidiary, claiming the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
Wintrob says SunAmerica and VALIC products will be back on distributors’ shelves
Having taken over as chief executive of American International Group Inc.'s Domestic Life and Retirement Services, Jay S. Wintrob has assured employees in a letter that SunAmerica and VALIC products will be back on distributors' shelves.
AIG bashes suit over swap deal dating back to 1990
American International Group Inc. asked a federal judge to dismiss a case brought against it by a Canadian real estate investment firm concerning a swap deal initiated in 1990.
