AIG makes $972 million TARP repayment to Treasury

2011-11-01T13:30:19Z

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 ...

Senate panel to step up TARP oversight: chairman

2011-03-17T12:00:13Z

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...

Obama floats $30 bln bank tax as TARP costs shrink

2011-02-14T12:30:17Z

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 10 years to recoup t...

AIG's financial condition improving: U.S. watchdog

2011-01-20T14:00:25Z

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 appear...

AIG recapitalization deal closes

2011-01-14T10:00:24Z

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...

Insurance giant AIG gets $3B in facilities

2010-12-27T09:00:10Z

Insurance giant AIG gets $3 billion in credit facilities as it looks to recover; stock soars

Insurance 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 early trading Monday.

The New-York based company said it will be able to tap the facilities once it finishes paying back its bailouts. 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 plan, AIG "will have the right to r...

CBO: Bailout clipped taxpayers for $25B

2010-11-29T18:00:15Z

CBO figures TARP hit taxpayers for $25B after most loans repaid; $700B was original estimate

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

Bailout clipped taxpayers for $25B

2010-11-30T12:38:39Z

...

Is Ireland Europe's AIG?

2010-11-29T14:41:12Z

...

AIG puts rail car unit up for sale

2010-11-29T14:41:02Z

...

The Fall Of The Market In The Fall Of 2008

2010-11-29T14:44:12Z

...

Top 6 U.S. Government Financial Bailouts

2010-11-29T14:44:11Z

...

Nothing New Ad

2010-11-30T13:54:31Z

...

Foreclosuregate Could Force Bank Nationalization

2010-11-08T08:12:06Z

...

Neil Barofsky

2010-11-30T13:20:42Z

...

AIG Bailout

2010-11-30T13:24:54Z

...

American International Group

2010-11-30T13:25:08Z

...

AIG Posts Whopper Of A Loss But The Stock Barely Budges

2010-11-29T14:40:09Z

...

AIG posts 2.4 billion dollar loss amid restructuring

2010-11-05T10:00:18Z

AIG said it took 4.5 billion dollars in restructuring-related charges, including the sale of assets to raise money to pay back aid from the Federal Reserve Bank of New York (FRBNY).

The government-controlled company had posted a net profit of 455 million dollars in the 2009 third quarter.

AIG, once the world's largest insurer, received more than 180 billion dollars fro...

Impact of government AIG bailout on investors

2010-11-29T15:36:16Z

...

How moral hazard can influence investment decisions

2010-11-29T15:35:59Z

...

Running Afoul of Obama's Adding Machine

2010-11-03T17:59:45Z

...

AIG to get $22 billion in TARP funds for restructuring

2010-11-01T10:06:04Z

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 restructu...

AIG raises enough to pay off NY Fed credit line

2010-11-01T05:30:19Z

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 <1299.HK> and the sale of its global life unit Alico, enough to repay a credit facility from the Federal Reserve Bank of New York

AIG unit expands Hong Kong IPO to $20.5 billion

2010-10-30T00:30:13Z

AIG Asian unit IPO aimed at repaying bailout funds expands to $20.5 billion

The 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 statement late Friday it ...

AIG bailout loss was concealed due to valuation: report

2010-10-26T01:00:12Z

(Reuters) - The U.S. Treasury concealed $40 billion in likely taxpayer losses on the bailout of American International Group , the AIG Chief diagnosed with cancer, undergoing chemotherapy

American 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. H...

Treasury too rosy on bailout cost: TARP cop

2010-10-25T12:30:28Z

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 Sp...

AIG Asian unit IPO expected to raise $14.1B

2010-11-02T12:28:26Z

...

RESPONSE TO "AINTI-AIG BAILOUT" CROWD

2010-11-03T00:01:21Z

...

Dusting Off the Guillotines

2010-11-03T00:00:28Z

...

Stimulus Package Details

2010-11-02T23:34:32Z

...

The U.S. on the Brink of Cardiac Arrest

2010-11-03T00:19:36Z

...

American Coup of 2008

2010-11-03T00:01:21Z

...

TARP: From Maligned to Benign?

2010-10-06T15:31:19Z

...

Treasury's Surprise Follow-Up on AIG

2010-10-06T06:25:40Z

...

Reasons for the International Financial Sector Banking Crisis

2010-10-03T13:04:11Z

...

AIG's Phony Payoff Deal

2010-10-03T03:07:06Z

...

TARP Due to End, but the Funds Will Live on

2010-10-01T22:17:05Z

...

Good Deal for Shareholders

2010-10-01T22:21:26Z

...

White House slashes bailout cost estimate

2010-09-30T15:15:21Z

WASHINGTON (Reuters) - The U.S. financial bailout would cost less than $50 billion, slashing a prior estimate by more than half on the back of a new plan to sell the government's stake in insurer American International Group, the O...

AIG agrees deal to repay taxpayer bailout

2010-09-30T13:15:41Z

Troubled US insurer American International Group said Thursday it had reached a deal to repay a multibillion-dollar" class="inform">dollar taxpayer bailout received at the height of the global financial crisis.

AIG said it would pay back 20 billion dollars owed to the

US insurer AIG agrees deal to repay taxpayer bailout

2010-09-30T08:15:17Z

Troubled US insurer American International Group (AIG) said Thursday it reached a deal to repay a multi-billion-dollar" class="inform">dollar taxpayer bailout received at the height of the global financial crisis.

AIG said it ...

AIG Nearing Completion on Repayment Plan

2010-09-30T22:15:07Z

...

U.S. aims to unveil plan to end AIG support: report

2010-09-29T03:45:12Z

NEW YORK (Reuters) - The Obama administration hopes to announce by next week a plan to end its support of insurance giant American International Group Inc, the Reports: AIG near plan to repay bailout, exit from government's majority stake

Published reports say American International Group Inc. is in accelerated talks on a plan to pay back its taxpayer debt and reduce the government's majority stake in the insurance giant.

The W...

AIG, Treasury may unveil plan this week: report

2010-09-26T15:15:34Z

PHILADELPHIA (Reuters) - The Treasury Department may unveil plans by Wednesday to return American International Group Inc to independence, Bloomberg reported on Sunday.

The plans may be unveiled as early as this we...

TARP Ends October 3

2010-09-24T14:03:11Z

...

The Incredible Shrinking TARP Bailout

2010-09-15T19:34:25Z

...

AIG, Government Looking to Accelerate Exit Strategy

2010-09-15T19:32:52Z

...

Report: AIG, government discuss bailout repayment

2010-09-14T06:30:10Z

Report: AIG discusses with government a plan for bailout repayment beginning as early as 2011

Insurance giant American International Group Inc. is discussing plans with the government to fully repay the government bailout it received two years ago, according to a report in the

Summary Box: AIG making nearly $4B bailout payment

2010-08-23T08:45:18Z

Summary Box: AIG repaying nearly $4B in federal loans through aircraft unit's debt sale

AIG REPAYING UNCLE SAM: American International Group Inc. is paying back nearly $4 billion in federal bailout money with proceeds from a debt sale at its aircraft leasing unit.

CREDIT LINE SHRINKS: The payment trims the balance AIG owes on its credit line with the Congressional Oversight Panel said firms from Europe to Asia benefited from the 700-billion-dollar bailout signed into law in 2008 b...

US Aid to AIG Strongly Benefited Foreign Banks

2010-09-11T11:58:08Z

...

Foreign firms helped by U.S. bailouts: panel

2010-08-11T23:30:09Z

WASHINGTON (Reuters) - The U.S. tactic of pouring money into ailing financial firms during the 2007-09 crisis helped many foreign banks whose governments should have shared some of the burden, a report from a congressional watchdog agency said on Thursday.

In its latest critique of the Treasury Department's handling of the <...

Foreign firms helped by U.S. bailouts - panel

2010-08-11T21:30:13Z

In its latest critique of the Treasury Department's handling of the <...

Watchdog panel cites global impact of US bailout

2010-08-11T21:30:11Z

Watchdog says US financial rescue had greater impact overseas than foreign bailouts in US

The $700 billion U.S. bailout program launched in response to the global economic meltdown had a far greater impact overseas than other countries' financial rescue plans did on the U.S., according to a new report from a congressional watchdog.

Billions of dollars in U.S. rescue funds wound up in big banks in

Earnings Preview: AIG expected to post 2Q profit

2010-09-15T15:00:43Z

Insurer AIG expected to post 2Q profit; investors will listen for word on future of Asian unit

Insurer American International Group Inc. reports its second-quarter results before the market opens Friday.

WHAT TO WATCH FOR: AIG, which received more than $180 billion in aid from the government during the financial crisis as bad bets on mortgage-backed securities a...

Goldman defends its collateral calls to AIG

2010-08-03T16:46:45Z

BANGALORE (Reuters) - Goldman Sachs said that it believed its trades with the bailed out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of...

TARP: What Happened and Does Anyone Care? Part 2

2010-11-02T12:10:57Z

...

US aircraft carrier leads drills with South Korea

2010-11-02T12:24:39Z

...

Documents detail $4.3B in Goldman Sachs payouts

2010-07-24T11:45:05Z

Documents detail $4.3B in Goldman Sachs payouts after government's bailout of AIG

A new document discloses the list of banks and hedge funds that received $4.3 billion from Goldman Sachs after the government's bailout of AIG — money that ultimately came from taxpayers.

The money was to cover bets that went bad because of the housing bust. According to Reuters) - Morgan Stanley , Citigroup and JPMorgan Chase were among banks that sold Goldman Sachs protection ...

Goldman gives AIG hedging list to investigators: report

2010-07-23T02:00:13Z

(Reuters) - Goldman Sachs Group Inc told U.S. investigators which counterparties it used to hedge the risk that American International Group Inc would fail, Bloomberg said, ci...

The Wall Street Reform That Wasn't

2010-11-02T13:45:52Z

...

Goldman's Collateral Demands and the Financial Crisis

2010-11-02T12:06:57Z

...

Uncle Sam: The Best Performing Hedge Fund This Year

2010-10-05T12:16:12Z

Move over Warren Buffet and Berkshire Hathaway. Uncle Sam is the most profitable Hedge Fund so far this year as we head into Holiday. The G is taking profits on the TARP trades and ringing the register so they can create a Super regulator and Fund the new regulatory bill on the table for Wall Street. I am sending my application into Barack Obama and Rahm Emanuel ( Ari's brother in real life).

I want to be on the trading team where you own the regulators and can back up the truck w...

AIG's Cassano: Poster Child for Compensation Problems

2010-11-02T12:06:43Z

...

The Inexplicable AIG Waiver

2010-11-02T12:06:42Z

...

Treasury's Geithner: bank bailout costs falling

2010-06-22T07:30:16Z

WASHINGTON (Reuters) - Costs for the emergency bank bailout program launched during the 2007-2008 financial crisis continue to fall as the U.S. economy recovers, Treasury Secretary Timothy Geithner told Congress on Tuesday.

Testifying before the Geithner says taxpayers recovering bailout investment; acknowledges loss from AIG rescue

Treasury Secretary Timothy Geithner says taxpayers are recovering their investment from the financial bailouts as the program is wound down. But he acknowledges there likely will be a loss from the rescue of insurer Ameri...

Sign of a Troubled Economy

2010-11-02T12:05:17Z

...

Panel criticizes government on AIG bailout

2010-06-09T21:15:20Z

Watchdog panel says it's unclear if taxpayers will be fully repaid for AIG bailout

A watchdog panel says it's still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options before bailing out...

Lowenstein's 'The End of Wall Street' Tells the Unfinished Tale of the Financial Crisis

2010-10-27T08:55:29Z

...

How Blurry Is the Line Between Monetary and Fiscal Policy?

2010-10-27T08:54:34Z

...

Prudential-AIG Deal May Collapse

2010-10-27T08:54:04Z

...

Treasury: AIG in better shape to repay bailout

2010-05-26T10:00:05Z

Treasury says AIG is in better shape to repay $182B bailout, but market conditions a factor

A key Treasury official plans to say that American International Group Inc. is better positioned to pay back a $182 billion federal bailout.

But Treasury chief restructuring officer Jim Millstein says in prepared r...

Projected TARP Costs Shrink

2010-10-27T06:39:34Z

...

How Congress Is Fixing the Banks

2010-10-27T06:43:04Z

...

An American Package for Germany

2010-10-27T06:36:59Z

...

AIG committee hires financial adviser: report

2010-10-22T11:54:04Z

NEW YORK (Reuters) - A special board committee of American International Group Inc has hired its own financial adviser, a sign the insurance company is setting plans to repay taxpayers, the Wall Street Journal reported on Tuesday.

The f...

This Wasn't the First European Bank Bailout

2010-10-27T06:36:41Z

...

AIG axes Goldman as its main corporate adviser: report

2010-05-06T22:00:08Z

(Reuters) - American International Group has replaced Goldman Sachs as its main corporate adviser with Citigroup and Administration says direct costs from financial bailouts could be as low as $87 billion

Treasury Secretary Timothy Geithner is telling Congress that the administration believes the final cost of the government's heavily criticized financial bailout effort could be as low as $87 billion.

Geithner made the new estimate in a letter Friday to congressional leaders that was obtained by The federal government's ownership stakes in GM, Chrysler, AIG and others, at a glance

General Motors says it's finished repaying $6.7 billion in loans it received from the government as part of the bailout that helped it emerge f...

Macquarie Group to buy AIG aircraft portfolio

2010-10-27T14:35:50Z

Australian investment bank Macquarie Group buying AIG unit's aircraft portfolio

Australian investment bank Macquarie Group Ltd. said Wednesday it is buying 53 aircraft from a unit of American International Group Inc., which is raising money to repay U.S....

Andrew Sorkin and the Wrong Way to Think of the Recovery

2010-10-25T14:26:31Z

...

It's Official: Goldman Sachs, AIG Played Taxpayers for Fools

2010-10-25T12:54:26Z

...

Treasury appoints 2 retired execs to AIG board

2010-08-04T12:06:44Z

Treasury appoints former JPMorgan exec and former Electronic Data Systems chief to AIG board

The Treasury Department has appointed a former banking executive and a former high-tech CEO to the bo...

New York Fed reveals what bailout billions bought

2010-10-13T15:01:05Z

New York Fed reveals what securities it got during AIG bailout, sale of Bear Stearns

After two years of secrecy, the Federal Reserve Bank of New York is disclosing key details about billions of dollars of risky investments it bought while rescuing insurance giant Government, prepared to sell Citi stock, sees big profits from bank bailouts

Bank bailouts are turning out to be great business for the government. Unfortunately for taxpayers, other federal rescues will almost certainly wind up in the red.

The Treasury Department said Monday it will begin selling its stake in ...

Pay cuts coming for execs at bailed-out companies

2010-03-23T16:00:27Z

Many execs at bailed-out companies to make millions, even as taxpayers could lose billions

The top earners at five big companies still living on federal bailout money will take a 15 percent pay cut this year, the Obama administration's pay czar says — yet many will still make millions.

Kenneth Feinberg also said cash salaries would be cappe...

US orders 15 percent pay cut for bosses at bailed-out firms

2010-10-22T11:07:32Z

President Barack Obama's pay czar on Tuesday ordered executive compensation at prominent bailed-out firms to be cut by 15 percent, amid voter anger over Wall Street pay.

Kenneth Feinberg said 119 executives at AIG,...

Obama's pay czar to review bonuses: report

2010-10-22T11:07:31Z

US President Barack Obama's pay czar will conduct a new review of financial rewards paid to executives at all banks that received government bailout funds, the Wall Street Journal reported Monday.

The probe involving Wall Street giants New York. Bailed-out insurance conglomerate American International Group Inc. is taking a key step toward paying off a bailout that was at one point worth $182 billion _ the largest of the financial crisis. The company says in a public filing Wednesday, Dec. 8, 2010, that it will repay ...

AIG Bailout

2010-09-30T04:45:14Z

FILE - In this Sept. 16, 2008 file photo, an American International Group office building is shown in New York. AIG has reached a deal Thursday, Sept. 30, 2010 to repay the government billions of dollars in assistance it received during the credit crisis. (AP Photo/Mark Lennihan, File)

Copyright 2010 Hong Kong's financial district Wednesday, June 2, 2010. Prudential PLC has accepted defeat in its ambitious plan to acquire Asian insurance company AIA from U.S. insurance company AIG. Prudential said Wednesday that it is negotiating with AIG ab...

Earns AIG

2010-05-07T05:45:29Z

FILE - In this March 17, 2009 file photo, an AIG office building is shown in New York. American International Group is reporting net income of $1.45 billion for the first quarter as markets stabilized and the insurance giant avoided cutting the value of its assets.(AP Photo/Mark Lennihan, file)

AIG Alico Sale

2010-03-26T22:42:43Z

FILE - In this March 18, 2009 file photo, an AIG office building is shown in New York. American International Group will sell its overseas life and health insurance unit for $15.5 billion to MetLife Inc., the insurer said Monday, March 8, 2010, as it attempts to repay billions in government aid.(A...

News on American International Group Inc.

AIG makes $972 million TARP repayment to Treasury

Senate panel to step up TARP oversight: chairman

Obama floats $30 bln bank tax as TARP costs shrink

AIG's financial condition improving: U.S. watchdog

AIG recapitalization deal closes

Insurance giant AIG gets $3B in facilities

CBO: Bailout clipped taxpayers for $25B

Bailout clipped taxpayers for $25B

Is Ireland Europe's AIG?

AIG puts rail car unit up for sale

The Fall Of The Market In The Fall Of 2008

Top 6 U.S. Government Financial Bailouts

Nothing New Ad

Foreclosuregate Could Force Bank Nationalization

Neil Barofsky

AIG Bailout

American International Group

AIG Posts Whopper Of A Loss But The Stock Barely Budges

AIG posts 2.4 billion dollar loss amid restructuring

Impact of government AIG bailout on investors

How moral hazard can influence investment decisions

Running Afoul of Obama's Adding Machine

AIG to get $22 billion in TARP funds for restructuring

AIG raises enough to pay off NY Fed credit line

AIG unit expands Hong Kong IPO to $20.5 billion

AIG bailout loss was concealed due to valuation: report

Treasury too rosy on bailout cost: TARP cop

AIG Asian unit IPO expected to raise $14.1B

RESPONSE TO "AINTI-AIG BAILOUT" CROWD

Dusting Off the Guillotines

Stimulus Package Details

The U.S. on the Brink of Cardiac Arrest

American Coup of 2008

TARP: From Maligned to Benign?

Treasury's Surprise Follow-Up on AIG

Reasons for the International Financial Sector Banking Crisis

AIG's Phony Payoff Deal

TARP Due to End, but the Funds Will Live on

Good Deal for Shareholders

White House slashes bailout cost estimate

AIG agrees deal to repay taxpayer bailout

US insurer AIG agrees deal to repay taxpayer bailout

AIG Nearing Completion on Repayment Plan

U.S. aims to unveil plan to end AIG support: report

AIG, Treasury may unveil plan this week: report

TARP Ends October 3

The Incredible Shrinking TARP Bailout

AIG, Government Looking to Accelerate Exit Strategy

Report: AIG, government discuss bailout repayment

Summary Box: AIG making nearly $4B bailout payment

US Aid to AIG Strongly Benefited Foreign Banks

Foreign firms helped by U.S. bailouts: panel

Foreign firms helped by U.S. bailouts - panel

Watchdog panel cites global impact of US bailout

Earnings Preview: AIG expected to post 2Q profit

Goldman defends its collateral calls to AIG

TARP: What Happened and Does Anyone Care? Part 2

US aircraft carrier leads drills with South Korea

Documents detail $4.3B in Goldman Sachs payouts

Goldman gives AIG hedging list to investigators: report

The Wall Street Reform That Wasn't

Goldman's Collateral Demands and the Financial Crisis

Uncle Sam: The Best Performing Hedge Fund This Year

AIG's Cassano: Poster Child for Compensation Problems

The Inexplicable AIG Waiver

Treasury's Geithner: bank bailout costs falling

Sign of a Troubled Economy

Panel criticizes government on AIG bailout

Lowenstein's 'The End of Wall Street' Tells the Unfinished Tale of the Financial Crisis

How Blurry Is the Line Between Monetary and Fiscal Policy?

Prudential-AIG Deal May Collapse

Treasury: AIG in better shape to repay bailout

Projected TARP Costs Shrink

How Congress Is Fixing the Banks

An American Package for Germany

AIG committee hires financial adviser: report

This Wasn't the First European Bank Bailout

AIG axes Goldman as its main corporate adviser: report

Macquarie Group to buy AIG aircraft portfolio