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AIG reportedly consults administration on resuming bonuses
A person familiar with the situation says American International Group is consulting with the federal government about its plans to resume paying millions of dollars in retention incentives and bonuses.
Jury finds Greenberg’s firm does not have to reimburse $4.3B in shares to AIG
American International Group Inc. lost a big round yesterday in its court battle against former Chief Executive Maurice "Hank" Greenberg.
AIG shares drop after 1-for-20 reverse-stock split
American International Group Inc. shares tumbled today after shareholders approved a 1-for-20 reverse-stock split to prop up the share price of the insurer as it continues shedding assets and spinning off some subsidiaries in an effort to repay the government and return to profitability.
AIG sells majority of Russian bank
American International Group Inc. today sold most of its ownership in its Russian consumer bank subsidiary.
Attempt to blame fair-value accounting for AIG’s woes was misleading, FASB chairman says
Former American International Group Inc. Chairman Martin Sullivan misled Congress last year when he told lawmakers AIG’s financial problems were caused by fair-value accounting standards, the chairman of the Financial Accounting Standards Board said today.
AIG moves to spin off life insurance units
Embattled insurer AIG is placing two life insurance subsidiaries — American International Assurance Co. and American Life Insurance Co. — into special purpose vehicles ahead of planned initial public offerings.
Suit claims Starr International improperly received 290M shares of AIG stock
American International Group Inc. and its former chairman and chief executive, Maurice “Hank” Greenberg, have a court date today related to a fight over a block of AIG shares that was sold for $4.3 billion.
AIG to sell New York headquarters
American International Group Inc. has reportedly made a deal to sell the New York building that houses its headquarters, along with another building in the Big Apple, according to a source.
AIG to sell finance operations in Argentina
American International Group Inc. today agreed to sell 100% of its shares in its consumer-finance operations in Argentina to an Argentine bank and an investment group.
Next AIG chief may come from its board
Caretaker CEO Edward Liddy wants out, so all eyes turn to six new directors slated for insurer’s board, including former AmEx chief Harvey Golub and Sears vet Arthur Martinez.
AIG’s Edward Liddy to step down from controversial carrier
Edward M. Liddy, chairman and chief executive of American International Group Inc., today said that he will part ways with the insurer once the board finds a replacement for him.
Defrauded AIG investors to get $843M from SEC
The Securities and Exchange has announced that it will pay $843 million to investors in American International Group Inc. who were defrauded in an accounting and securities fraud fiasco dating back to 2000.
AIG moves to make Hong Kong unit independent
American International Group Inc. has announced that it will accelerate steps to position its American International Assurance Co. Ltd. of Hong Kong as an independent entity and seek a public listing on an Asian stock exchange for the unit.
AIG head to tell Congress that insurer is stabilizing
The insurance giant has reduced but not eliminated the risk that its failure could pose to the global economy despite getting more than $180 billion in federal bailout aid, Edward Liddy is expected to tell Congress today.
AIG’s Liddy: No more bailouts for now
American International Group's CEO Ed Liddy is planning to tell Congress his embattled insurance company does not need more bailout money.
Foreign financial firms vying for AIG’s investment management biz, sources say
Foreign financial institutions appear to be emerging as the most likely buyers of AIG's $100 billion investment management business, as sources noted that interest from private-equity firms has waned in recent weeks.
AIG posts first-quarter loss of $4.35B, a year-over-year improvement
American International Group Inc. reported a first-quarter loss of $4.35 billion, or $1.98 a diluted share, but the insurer’s results improved year-over-year.
AIG sells commodity index business for $15M
AIG Financial Products Corp., a unit of American International Group Inc., today said it completed the sale of its commodity index business to the Equities business of UBS Investment Bank.
Report: AIG mulls folding some of its mortgage insurance units
American International Group Inc. is considering closing down parts of its mortgage insurance unit following a failure to offload it, Bloomberg reported.
The indie channel’s future
Considering the economy, the state of the stock market and the public's perception of Wall Street, the immediate outlook for the independent-brokerage business — like most financial services businesses — is anything but glowing.
