(Reuters) - The U.S. government cut its stake in American International Group Inc to about 21.5 percent on Monday, making a profit of $12.4 billion on the insurer’s crisis-era bailout and bringing the unpopular rescue closer to its end. The …
The improvements -- AIG's stock price is up 44% this year -- allowed the government to end the bailout more quickly than expected. In August, the Federal Reserve Bank of New York sold the last of the asset-backed securities it acquired …
American International Group and the Treasury on Wednesday said they will sell around $9 billion in AIG stock, but sources familiar with the situation said the Treasury would pull the sale if it cannot be done profitably. AIG shares have …
The settlement resolves allegations of AIG's wide-ranging fraud from October 1999 to April 2005 involving anti-competitive market division, accounting violations and stock price manipulation, and brings total expected recovery for AIG
Q: How can my AIG stock aig go from less than $2 a share to nearly $15 a share, and I still didn't make any money? Is this possible? A: It's strange, but true. You've lost money on AIG even though the share price has risen. The reason? …
A lively day on the Hong Kong stock exchange Friday could translate into good news for American taxpayers. Shares of Asian-based insurer AIA, the unit recently taken public by bailed-out insurance giant American International Group, …
It’s that the AIG lawsuit, while breaking new ground in chutzpah ... unloaded $278 million worth of company stock in 2010; it presumably would have been worth nothing if the government had let the firm declare bankruptcy and the global …
The Treasury will also lose the ability to dictate the terms of further stock sales. AIG said it would buy up to $5 billion of the offering. Last week the company sold part of its stake in the Asian insurer AIA to help fund that buyback. A number …