Posted by Reuters: Business News on January 31, 2012
WASHINGTON (Reuters) – Just when Americans have largely forgotten about the Treasury’s controversial bailout program, the Congressional Budget Office on Tuesday blamed it for an anticipated $23 billion widening in the government’s deficit.
Posted by Reuters: Business News on December 23, 2011
(Reuters) – American International Group Inc CEO Robert Benmosche has told the company’s directors that he would like to remain in his job longer than previously planned, the Wall Street Journal reported on its website.
Posted by Reuters: Business News on November 3, 2011
(Reuters) – Insurer American International Group lost more than $4 billion in the third quarter, as its aircraft leasing unit took an impairment charge on a portion of its fleet and the fair value of the company’s one-third stake in Asian insurer AIA fell.
Posted by Reuters: Business News on October 21, 2011
(Reuters) – A federal judge has rejected American International Group Inc’s request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp back to a New York state court, where it was originally filed, from federal court.
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Posted by Reuters: Business News on September 23, 2011
NEW YORK (Reuters) – A Bank of America Corp shareholder sued the bank on Friday for what he said was a failure to disclose it potentially owes more than $10 billion to American International Group Inc in connection with mortgage-backed securities.
Posted by Reuters: Business News on August 26, 2011
(Reuters) – American International Group Chief Executive Robert Benmosche has complained to senior executives at investment banks about the “unfavorable research” of the insurer’s stock, the Wall Street Journal said, citing people familiar with the matter.
Posted by Reuters: Business News on August 19, 2011
NEW YORK (Reuters) – Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.
Posted by The Distressed Debt Report on August 18, 2011
American International Group repaid $2.15 billion that it received under the Troubled Asset Relief P…
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Posted by Reuters: Business News on
NEW YORK (Reuters) – Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG’s 2008 near-collapse.
Posted by Reuters: Business News on August 8, 2011
NEW YORK (Reuters) – The insurer AIG is suing Bank of America Corp to recover more than $10 billion of losses from a “massive fraud” on mortgage debt, deepening the morass of litigation faced by the largest U.S. bank.
