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Oct. 27 (Bloomberg) -- In the months leading up to the September 2008 collapse of giant insurer American International Group Inc. , Elias Habayeb and his colleagues worked nights and weekends negotiating with banks that had bought $62 billion of credit-... Full Article at Bloomberg.com
Oct. 23 (Bloomberg) -- The Obama administration’s moves to rein in executive pay sparked criticism on Wall Street, as lenders such as Bank of America Corp. said the measures may hurt the very companies the U.S. is intent on saving. Full Article at Bloomberg.com
The new CEO of American International Group Inc (AIG) Robert Benmosche speaks during an interview with Reuters in the garden of his massive Adriatic sea-front villa in Dubrovnik, Croatia, August 26, 2009. View Photo »
I'm seeing a lot of options activity in General Electric(GE Quote). I'm also seeing it in American International Group(AIG Quote).
Oct. 21 (Bloomberg) -- A U.S. federal judge stepped down from Duke University’s lawsuit against American International Group Inc. over legal costs from a court battle with lacrosse team members falsely accused of sexually assaulting a stripper. Full Article at Bloomberg.com
American International Group shelled out retention bonuses to hundreds of employees at its financial products division, including a kitchen assistant, who received $7,700, says a media report. Full Article at Economic Times
an unregulated global market and blamed by regulators for hastening the financial crisis. WASHINGTON — Federal regulators on Wednesday asked a House panel to strengthen proposed legislation that would impose new oversight on derivatives. Full Article at TwinCities.com
The new CEO of American International Group Inc (AIG) Robert Benmosche stands in the garden of his massive Adriatic sea-front villa after an interview with Reuters in Dubrovnik, Croatia, August 26, 2009. View Photo »
have also called for a review of the Fed’s power and structure, saying Fed Chairman Ben S. Bernanke overstepped his authority as he bailed out creditors of Bear Stearns Cos. and American International Group Inc. while battling a crisis that led to $1.62 trillion in writedowns and losses at financial fir...
What caused the 2008 credit crisis? Loose monetary policy surely played a part. So did compensation plans that encouraged executives to take huge risks in the quest for short-term profits. Full Article at Dealbook
WASHINGTON -- As two federal regulators asked a House panel to tighten proposed legislation imposing new oversight on derivatives, Republican lawmakers contended the measure already could eliminate jobs and stifle companies' ability to manage risks. Full Article at The Washington Post
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The new CEO of American International Group Inc (AIG) Robert Benmosche speaks during an interview with Reuters in the garden of his massive Adriatic sea-front villa in Dubrovnik, Croatia, August 26, 2009.
View Photo »The new CEO of American International Group Inc (AIG) Robert Benmosche stands in the garden of his massive Adriatic sea-front villa after an interview with Reuters in Dubrovnik, Croatia, August 26, 2009.
View Photo »The new CEO of American International Group Inc (AIG) Robert Benmosche speaks during an interview with Reuters in the garden of his massive Adriatic sea-front villa in Dubrovnik, August 26, 2009.
View Photo »The new CEO of American International Group Inc Robert Benmosche speaks during an interview with Reuters in the garden of his Adriatic seafront villa in Dubrovnik, Croatia, August 26, 2009. AIG to Hank: All is forgiven, we need your help!
View Photo »The new CEO of American International Group Inc Robert Benmosche poses after an interview with Reuters in the garden of his Adriatic seafront villa in Dubrovnik, Croatia, August 26, 2009. AIG to Hank: All is forgiven, we need your help!
View Photo »The new CEO of American International Group Inc Robert Benmosche smiles during an interview with Reuters in the garden of his Adriatic seafront villa in Dubrovnik, Croatia, August 26, 2009. AIG to Hank: All is forgiven, we need your help!
View Photo »The new CEO of American International Group Inc Robert Benmosche smiles during an interview with Reuters in the garden of his Adriatic seafront villa in Dubrovnik, Croatia, August 26, 2009. AIG to Hank: All is forgiven, we need your help!
View Photo »The new CEO of American International Group Inc Robert Benmosche speaks during an interview with Reuters in the garden of his Adriatic seafront villa in Dubrovnik, Croatia, August 26, 2009. AIG to Hank: All is forgiven, we need your help!
View Photo »The new CEO of American International Group Inc Robert Benmosche speaks during an interview with Reuters in the garden of his Adriatic seafront villa in Dubrovnik, Croatia, August 26, 2009. AIG to Hank: All is forgiven, we need your help!
View Photo »The new CEO of American International Group Inc Robert Benmosche speaks during an interview with Reuters in the garden of his Adriatic seafront villa in Dubrovnik, Croatia, August 26, 2009. AIG to Hank: All is forgiven, we need your help!
View Photo »FILE - In this Oct. 7, 2008 file photo, American International Group's offices are shown in New York.
View Photo »Former American International Group (AIG) Inc. CEO Maurice 'Hank' Greenberg enters Manhattan federal court, Thursday, June 18, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice 'Hank' Greenberg enters Manhattan federal court, Thursday, June 18, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice 'Hank' Greenberg enters Manhattan federal court, Thursday, June 18, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg, left, exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg, left, exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg, left, exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »Former American International Group (AIG) Inc. CEO Maurice R. "Hank" Greenberg, left, exits Manhattan federal court, Monday, June 15, 2009, in New York. AIG is in court trying to recoup money it claims was wrongly pocketed through stock sales by Greenberg.
View Photo »WASHINGTON - MARCH 18: (FILE) Edward Liddy, chairman and CEO of the American International Group, testifies during a House Financial Services Committee hearing on Capitol Hill March 18, 2009 in Washington, DC.
View Photo »A security guard stands in front of the American International Group (AIG) building in Tokyo on May 8, 2009. AIG is close to reaching a deal to sell the building to Nippon Life Insurance for about one billion dollars, an industry source said.
View Photo »The new CEO of American International Group Inc (AIG) Robert Benmosche stands in the garden of his massive Adriatic sea-front villa after an interview with Reuters in Dubrovnik, Croatia, August 26, 2009.
View Photo »I'm seeing a lot of options activity in General Electric(GE Quote). I'm also seeing it in American International Group(AIG Quote).
have also called for a review of the Fed’s power and structure, saying Fed Chairman Ben S. Bernanke overstepped his authority as he bailed out creditors of Bear Stearns Cos. and American International Group Inc. while battling a crisis that led to $1.62 trillion in writedowns and losses at financial fir...
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