Displaying 245 results
AIG gave NY Dems $100K before rescue
New York campaign finance records show AIG donated $100,000 to the state Democratic Committee just before Democratic Gov. David Paterson launched marathon sessions to prop up the embattled insurer.
Liddy says some AIG execs returning bonuses
Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million.
House to vote today on taxing AIG bonuses
The House is scheduled to vote today on a bill that would levy a 90 percent tax on bonuses paid to employees with family incomes above $250,000 at companies that have received at least $5 billion in government bailout money.
Greed’s not the real issue at AIG
The outrage over the $165 million in bonuses paid by American International Group Inc. last week misses a key point.
Lawmakers seek taxes on pay for TARP receivers
Companies receiving taxpayer funds under the Troubled Asset Relief Program would be subject to major taxes on executive bonuses under a proposal unveiled Tuesday.
Senator outraged over AIG funneling $2.5B to UBS
Federal aid to American International Group Inc. that may have been funneled to UBS AG, the Swiss banking giant that settled a U.S. criminal investigation last month, drew the ire of Sen. Olympia Snowe yesterday.
AIG chief to Congress: Bonuses are ‘distasteful’
The chairman and CEO of American International Group acknowledged Wednesday to congressional interrogators that some of the insurance giant's executive bonuses are "distasteful."
Watchdog: AIG may need even more aid
American International Group Inc. may need more federal aid even though the embattled insurer faces “numerous, significant challenges” to repaying the $182.5 billion it already has received.
AIG chief: Execs, give back bonuses
The head of financially strapped AIG is telling Congress he's heard the rage over executive bonuses and has called on employees to voluntarily return at least half of the money.
Sen. Grassley to AIG execs: Quit or commit suicide
Iowa Sen. Charles Grassley suggested that AIG executives should accept responsibility for the collapse of the insurance giant by resigning or killing themselves.
Congress threatens to tax AIG bonuses
An outraged Congress threatened Tuesday to impose new taxes to recoup at least some of the $165 million in bonuses that insurance giant AIG awarded to executives and traders after getting billions in federal bailout money.
Congressional leaders, Obama outraged over AIG bonuses
Top congressional leaders expressed outrage at reports American International Group Inc. of New York will pay $165 million in 2008 retention bonuses.
AIG says bailout funds used to pay other banks
AIG used more than $90 billion in federal aid to pay out foreign and domestic banks, some of whom had received their own multibillion-dollar U.S. government bailouts.
AIG to give execs $165M in bonuses
AIG is giving executives in its most troubled business unit tens of millions of dollars in new bonuses even though it received a bailout of more than $170 billion dollars.
Ameriprise among bidders for AIG B-Ds
Ameriprise Financial Services Inc. is among the four suitors expected to put in a bid for American International Group Inc.’s broker-dealer businesses by the end of the month, according to The Deal.
U.S. to provide another $30B to AIG after $61.7B loss
The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company another $30 billion on an "as needed" basis.
Despite $30B lifeline, AIG’s credit outlook remains bleak
Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.
Manulife, Prudential may bid on AIG unit
In their bid to buy AIG’s American International Assurance Co. Ltd., Manulife Financial Corp. and Prudential PLC may pay cash and shares to but the Asian unit.
Bids falling short for AIG unit, source says
American International Group Inc.’s external investment management business apparently has fetched bids about one-third less than some predicted.
