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AIG chief holds significant Goldman stock
Although Edward M. Liddy took an annual salary of just $1 for leading American International Group Inc. through the bailout mire last year, he could pocket a few million dollars through his holdings in The Goldman Sachs Group Inc.
Moody’s cuts Lincoln’s ratings, warns of further downgrades
Moody’s Investors Service today cut Lincoln National Corp.’s senior-debt rating to Baa2, from Baa1, and lowered the firm’s life insurance subsidiary rating to A2, from A1.
AIG Advisor group slashes 10% of staff, consolidates back-office departments
The AIG Advisor Group network of broker-dealers cut about 10% of its work force yesterday, consolidating operations in key back-office areas, according to sources inside and outside the firm.
Insurer AIG sells wealth management arm for $253M
American International Group Inc. said it completed the sale of its wealth management arm, AIG Private Bank Ltd., to Aabar Investments PJSC of Abu Dhabi.
Kids to AIG: Keep working hard, dudes
Although American International Group Inc. has been the object of populist rage and vitriolic letter-writing campaigns in the past six months, some are still pulling for employees of the beleaguered insurer, according to The Washington Post.
AIG completes sale of retail bank operations
American International Group Inc. said Wednesday that it completed the sale of its retail bank and credit card operations in Thailand for about $45 million in proceeds.
Uncle Sam to the VA rescue
For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.
Gen Re ex-finance chief prison-bound in fraud case
Elizabeth A. Monrad, the former finance chief of General Re Corp., is heading to prison for her part in a scheme that inflated American International Group Inc.’s financial statements.
AIG spins off AIG Life and Hartford Steam Boiler
Yesterday, the New York-based insurance giant completed the sale of AIG Life to BMO Financial Group of Montreal for about $263 million.
Former AIG CEO criticizes successors, bailout
The man who built insurance giant American International Group Inc. from a startup to a global behemoth said he did not mismanage the company — but the government did.
AIG counterparty payments eyed
The Office of the Special Inspector General is launching an audit next week into debt payments using federal bailout money that American International Group Inc. made to counterparties in transactions.
On the trail of bailout bucks, Cuomo subpoenas AIG
Andrew Cuomo, New York’s attorney general, has again subpoenaed AIG — this time searching for details on whether the insurer paid major banks with taxpayer dollars, according to published reports.
AIG names Rodney Martin chairman, int’l life unit
American International Group Inc. said Wednesday it named Executive Vice President Rodney O. Martin Jr. as chairman of its international life and retirement businesses, as Senior Vice Chairman Edmund Tse prepares to retire after 48 years with the embattled insurer.
AIG exec resigns on N.Y. Times op-ed page
An American International Group Inc. executive who received a bonus worth more than $742,000 after taxes has resigned publicly — in an Op-Ed column in The New York Times.
Fed’s Bernanke wanted to block AIG bonuses
Bernanke told Congress Tuesday he wanted to sue to stop insurance giant AIG from paying millions in bonuses,…
Many top AIG execs agree to return bonuses
New York Attorney General Andrew Cuomo hopes more AIG employees will return their bonuses, after 15 of the top 20 bonus recipients at the troubled insurer agreed to return their money.
AG coalition going after AIG bonuses
New Jersey Attorney General Anne Milgram said yesterday that her office is spearheading an investigation into the bonuses paid to workers’ at American International Group Inc.’s financial-products unit.
Former AIG chief denies he started bonus system
Former AIG chief executive officer Hank Greenberg said the company under his leadership never had the kind of retention bonus system that has subjected it to withering criticism.
House passes bill taxing AIG and other bonuses
Acting with lightning speed, the Democratic-led House has approved a bill to slap punishing taxes on big employee bonuses from firms bailed out by taxpayers.
