Topic: American International Group Inc.
In September 2008, the American International Group, AIG, the largest insurance company in the United States, collapsed under the weight of bad debts incurred from insuring mortgage-backed securities. At the same time, AIG became the target of extensive outrage as a result ...
Moral hazard refers to a situation in which an investor, decision-maker, or other actor has an incentive to make what would normally be implausibly or inappropriately risky decisions because they believe they are shielded from the potential fallout of those decisions, either ...
THE OBAMA ADMINISTRATION HARPS on the need to make Wall Street accountable through better oversight and more transparent reporting. Yet the White House blew its stack last week when an independent review asserted that its $700 billion bailout of Wall Street lacked ...
WASHINGTON (Reuters) - The U.S. Treasury said on Monday that bailed-out insurer American International Group will draw up to $22 billion in Treasury funds to facilitate its restructuring and prepare for an eventual government exit.The Treasury also reiterated that it expects to ...
NEW YORK (Reuters) - Bailed-out insurer AIG raised $27.71 billion cash in 10 days with the initial public offering of its Asian life business AIA and the sale of its global life unit Alico, enough to repay a credit facility from the ...
AIG Asian unit IPO aimed at repaying bailout funds expands to $20.5 billionThe Hong Kong listing of AIG's Asian unit, which aims to raise funds for repaying U.S. federal bailout loans, has been expanded to $20.5 billion.AIA Group Ltd. said in a ...
(Reuters) - The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group , the New York Times said, citing a report by Neil Barofsky, the special inspector general for the Troubled Asset Relief Program."In our ...
AIG Chief diagnosed with cancer, undergoing chemotherapyAmerican International Group Inc. said Monday that its president and chief executive officer, Robert Benmosche, has been diagnosed with cancer.The insurer said Benmosche is undergoing aggressive chemotherapy. He said in a statement his long-term prognosis is ...
WASHINGTON (Reuters) - The Obama administration's latest estimate of taxpayer costs of the Wall Street bailout is too rosy and could ultimately damage public trust in government, the top bailout cop said on Monday.In its quarterly report to Congress, the Special Inspector ...
The upcoming Hong Kong listing of American International Group Inc.'s Asian unit is expected to raise $14.1 billion for AIG's repayment of bailout funds from the U.S. government during the global financial crisis, the Asian insurer said Sunday.. AIG ( AIG - ...
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