WASHINGTON -- The Treasury Department said Wednesday it is selling $6 billion worth of the $41.8 billion in common stock it holds in insurance giant American International Group Inc., which received the biggest bailout of the …
NEW YORK — The government will wind down its largest and most-complex rescue from the 2008 financial crisis, a $182 billion package to save insurer AIG, by selling stock over the next two years. The plan could net taxpayers billions …
AIG) have been hit by the problems with yield at the insurance giant, but investors have still inflated the company’s value. The company’s stock grew by more than 47% in 2013, leaving it with a P/E of to 8.7 on Monday. The company is still …
Starr owns 12 percent of AIG stock and for decades has controlled -- beyond the ... The annual report lays considerable responsibility for accounting and other problems at the feet of "certain former members of senior management," …
Former American International Group Inc. Chairman and CEO Maurice R. Greenberg plans to sell most of his remaining shares in the insurer to Swiss bank UBS A.G. for at least $278 million. Mr. Greenberg's investment vehicle, Zug, …
Welcome back AIG, or um, another 15 per cent of you. From the bailed out insurer’s public offering prospectus, released Wednesday morning: American International Group, Inc. (“AIG”) is offering 100,000,000 shares of its common …
Four days after announcing a subpoena from New York Attorney General Eliot Spitzer, Maurice "Hank" Greenberg, then chief executive of American International Group Inc., made a call from his private jet. He ordered a trader at his …
American International Group, Inc. (NYSE: AIG) managed to beat earnings expectations handily, and the insurance giant said that it spent $1.1 billion buying back stock in the second quarter. While no guidance was given and while no …
The stock of American International Group Inc. AIG seems to be in rough waters. The company is struggling with property and casualty market challenges that are dragging down revenues of one of its most important segment — …
AIG ended up using about $125 billion of the promised money; with loans repaid and the stock sold, the government got all the money back — plus $22.7 billion. The initial bailout terms were made over the protests of Greenberg, who was shut …