American International Group is selling part of its stake in AIA Group to raise about $6 billion, which will help the U.S. insurer repay part of its government bailout. AIG is looking to sell about 1.7 billion AIA shares at HK$27.15 to HK27.50 …
Robert Willumstad, AIG's CEO, will be replaced by Edward Liddy, former chairman of Allstate Corp. AIG's plummeting stock price and Monday evening's credit downgrade by Moody's and Standard & Poor's sealed the fate of what was the …
Forced to resign in 2005 as chairman and chief executive of insurance giant American International Group Inc. after almost 40 years at the helm, Maurice “Hank” Greenberg is now suing AIG over an alleged securities fraud. Material …
(Newser) – Don’t look now, but financial crisis punchline AIG has had a monster year on the market, with its stock soaring 97% to $58.93. Of that, 42% was gained in December alone. That makes the insurer the fourth-best performer on the …
AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo. CONTACT: American International Group, Inc.Investment CommunityCharlene Hamrah, 212-770-7074orNews …
HONG KONG — American International Group (AIG) kicked off a $6 billion sale of shares in Asian life insurer AIA Group on Monday in Hong Kong, moving forward with plans to repay another chunk of its 2008 US bailout. AIG said the …
(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 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 Treasury …
The U.S. Treasury, which also expects to earn a profit on the sale of its AIG assets, still owns $29 billion in AIG stock, roughly 53 percent of the company.
(Reuters) – The Federal Reserve Bank ... Both Baxter and Alvarez, the brief said, were on record well before the AIG takeover advising the Federal Reserve that the government had authority to demand stock from a corporation receiving …