Topic: American International Group Inc.
WASHINGTON (Reuters) - The Treasury Department received a $972 million repayment from American International Group , funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, Treasury said on Tuesday.Treasury said its remaining investment in AIG now ...
WASHINGTON (Reuters) - A Senate committee will step up oversight of the government's unpopular TARP bank bailout program now it is losing one of its watchdogs, a top senator said on Thursday.The Senate Banking Committee will oversee the $700 billion Troubled Asset ...
WASHINGTON (Reuters) - The Obama administration is proposing a much smaller $30 billion tax on the largest financial institutions, in line with shrinking U.S. corporate bailout costs.The "Financial Crisis Responsibility Fee" in the proposed fiscal 2012 budget would collect $30 billion over ...
WASHINGTON (Reuters) - American International Group's financial health is showing signs of improvement because of the billions of dollars in taxpayer funds used to bail out the ailing insurer, a government watchdog agency said on Thursday."Overall, federal assistance appears to be facilitating ...
NEW YORK (Reuters) - The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.The recapitalization was intended to simplify AIG's $182 billion bailout by paying ...
Insurance giant AIG gets $3 billion in credit facilities as it looks to recover; stock soarsInsurance giant AIG is taking yet another step on its road to recovery, obtaining $3 billion in credit facilities.The news sent AIG shares soaring 6 percent in ...
American International Group, US government-controlled after a bailout, said Wednesday it has struck a deal to speed up repayment of taxpayer dollars and reclaim independence.AIG said it could raise as much as seven billion dollars next year by selling shares.Under the recapitalization ...
CBO figures TARP hit taxpayers for $25B after most loans repaid; $700B was original estimateCongress' independent budget agency says the cost to taxpayers of the contentious $700 billion financial rescue has dwindled down to $25 billion.The Congressional Budget Office estimates that as ...
Congress' independent budget agency says the cost to taxpayers of the contentious $700 billion financial rescue has dwindled down to $25 billion.. The Congressional Budget Office estimates that as of this month the government will recoup most of the money spent. The ...
The $100 billion bailout of Ireland currently being put together in Europe shares some frightening characteristics with the most infamous bailout that took place in the U.S., the taxpayer-funded bailout of American International Group.. It's possible that the bailout of Ireland could ...
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