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American International Group Inc.

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CNNMoney: Fed turns $2.8 billion profit on AIG bondsupdated: Tue Feb 28 2012 19:04:00

Remember those pesky mortgage-backed securities the Federal Reserve had to take off AIG's hands at the worst of the financial crisis?

CNNMoney: Fed official owned shares of AIG, GEupdated: Wed Feb 01 2012 16:16:00

As he helped orchestrate the Wall Street bailouts, William Dudley -- now president of the New York Fed -- owned more than $100,000 stock in AIG and General Electric, two firms that received government assistance.

CNNMoney: Earnings look good? Think againupdated: Thu Jan 05 2012 13:16:00

Are you ready for some earnings? The good news is that profits, at first blush, will be solid. But when you look beneath the surface, results won't be nearly as robust.

CNNMoney: AIG's Greenberg sues U.S. for $25 billionupdated: Tue Nov 22 2011 06:29:00

The former head of the American International Group sued the U.S. government for $25 billion on Monday, claiming officials should have bailed out AIG instead of taking it over.

CNNMoney: AIG posts $4.1 billion lossupdated: Thu Nov 03 2011 17:35:00

American International Group is back in the red. Way in the red.

CNNMoney: AIG chips away at debt with $2 billion paymentupdated: Thu Aug 18 2011 17:19:00

Bailed out insurer American International Group dropped another $2.15 billion into the coffers of the Treasury Department on Thursday.

CNNMoney: Bank of America stock plunges 20%updated: Mon Aug 08 2011 16:38:00

Bank of America shares plunged 20% Monday, fueled in part by a steep selloff in the broader market and news that insurer American International Group is suing it for billions of dollars over alleged mortgage securities fraud.

CNNMoney: AIG posts a profit -- stock still downupdated: Thu Aug 04 2011 17:22:00

Bailed out insurer American International Group posted a second-quarter profit Thursday, even as its shares plunged to their lowest level since early last year.

Fortune: Should you trust a fallen mutual fund star?updated: Wed Aug 03 2011 06:58:00

Investment experts always counsel against putting money into mutual funds on a run of smoking-hot performance. A long-term record is the real test. But what to make of enduring stars whose results have fallen to earth? Is it a sign they've lost their golden touch -- or just a lull before another blistering streak?

CNNMoney: Still $100 billion to go for TARPupdated: Wed May 25 2011 16:23:00

It's been a pretty good week for the Treasury Department's bailout program.

CNNMoney: AIG stock sale raises $8.7 billionupdated: Wed May 25 2011 05:16:00

Shares of American International Group's long-awaited stock sale priced at $29 apiece late Tuesday to raise $8.7 billion, leaving the U.S. government with a tiny profit on the offering, the company and Treasury Department announced.

CNNMoney: Goldman nabbed $3 billion in AIG bailoutupdated: Thu Jan 27 2011 14:36:00

Goldman Sachs received nearly $3 billion from AIG for "proprietary" transactions after the insurance company had been bailed out by the government, according to a federal inquiry.

CNNMoney: AIG to fully repay U.S. governmentupdated: Wed Jan 12 2011 18:59:00

American International Group, which received a massive bailout in 2008, said Wednesday that it expects to complete a recapitalization by the end of the week that will allow it to fully pay back the government.

CNNMoney: Stocks snowed underupdated: Mon Dec 27 2010 16:32:00

U.S. stocks ended Monday mixed as investors digested a surprise interest rate hike by the Bank of China and a blizzard put a damper on post-holiday retail sales.

CNNMoney: Banks boost stocks, but gains are modestupdated: Wed Dec 08 2010 17:05:00

Stocks drifted higher Wednesday as a rebound in bank shares offset weakness in commodities and concerns about rising interest rates in the Treasury market.

CNNMoney: TARP cost estimate cut to $25 billion, says CBOupdated: Tue Nov 30 2010 16:38:00

Two years after the $700 billion Troubled Asset Relief Program was launched, the Congressional Budget Office now estimates the government's economic rescue package will cost taxpayers $25 billion.

CNNMoney: Watchdog: Funny math used on AIG bailoutupdated: Sun Nov 14 2010 16:46:00

The Treasury Department changed its accounting style and produced an overly optimistic estimate of taxpayer losses in the AIG bailout, the special investigator for the federal bailouts said in a report released Monday.

CNNMoney: AIG loses $2.4 billion on asset salesupdated: Fri Nov 05 2010 07:56:00

AIG said Friday that it lost $2.4 billion in the third quarter on sales of insurance units, proceeds of which it plans to use to pay back the U.S. government.

CNNMoney: AIG moves into the black for top holder: U.S.updated: Mon Nov 01 2010 13:39:00

The Treasury Department's multi-billion dollar bailout of American International Group moved into the black after the insurer completed two transactions that raised nearly $37 billion, the department said Monday.

CNNMoney: AIG unveils exit plan for bailoutupdated: Thu Sep 30 2010 09:14:00

AIG said Thursday it has reached agreement on a plan that it will end its multi-billion dollar bailout from the federal government and provide for the full repayment to U.S. taxpayers.

CNNMoney: Treasury nears plan to exit AIGupdated: Wed Sep 29 2010 07:12:00

The U.S. government and AIG are finalizing a plan for how the Treasury Department would exit its majority stake in the insurance giant, according to several published reports.

CNNMoney: Foreign economies aided by bailout, didn't help U.S.updated: Thu Aug 12 2010 09:53:00

The $700 billion bank bailout program helped rescue overseas economies, but international bailout programs did little to help the United States in return, according to a report from a congressionally appointed watchdog group released Thursday.

CNNMoney: AIG's operations show strengthupdated: Fri Aug 06 2010 12:20:00

Insurer AIG reported a quarterly net loss Friday due to the sales of some of its divisions, as the company undergoes a restructuring following its government bailout.

CNNMoney: AIG's profitable again, but what about taxpayers?updated: Thu Aug 05 2010 03:42:00

American International Group is expected to report another quarterly profit Friday. But the elephant in the middle of the room is staying put.

CNNMoney: Star fund manager ups stake in AIGupdated: Tue Jul 13 2010 15:52:00

So-called "fund manager of the decade" Bruce Berkowitz has upped his stake in AIG, to the point that his $14 billion stock fund owns nearly a quarter of the troubled insurance company.

Fortune: Should executives be paid with debt? No!updated: Fri Jul 02 2010 04:06:00

As investigators comb through the wreckage of the financial meltdown, one fact remains clear and startling: Credit default swaps and collateralized debt obligations, as well as debt and equity from large financial firms were useless as indicators of fiscal health. One of the biggest revelations has been the utter failure of markets to capture the relevant information required to set accurate prices on securities.

CNNMoney: AIG villain: I would have saved taxpayers moneyupdated: Wed Jun 30 2010 19:26:00

Joseph Cassano, the man who ran the business at the center of AIG's collapse, spoke unapologetically about his tenure during a hearing Wednesday, suggesting he could have perhaps helped save the insurance giant had he been allowed to stay on at AIG.

CNNMoney: AIG bailout spared Wall Street, watchdog saysupdated: Thu Jun 10 2010 03:37:00

The federal government could have pressed the private sector to help rescue AIG when the company was on the verge of collapse in September 2008, a government watchdog has found. Instead, it let Wall Street off easy.

CNNMoney: AIG repayment prospects fadeupdated: Fri Jun 04 2010 16:53:00

Taxpayers have lent AIG $132.6 billion, but getting that money back is looking less likely.

CNNMoney: AIG payback plan back to square oneupdated: Thu Jun 03 2010 09:42:00

AIG and Prudential PLC formally terminated a deal for an Asian life insurance unit on Thursday that would have accelerated AIG's bailout repayment to the U.S. government.

CNNMoney: AIG rejects lower bid for Asian unitupdated: Tue Jun 01 2010 07:54:00

AIG on Tuesday rejected Prudential PLC's lower bid for an Asian life insurance unit, jeopardizing a deal that would have accelerated AIG's bailout repayment to the U.S. government.

CNNMoney: Bailout watchdog: AIG was 'Frankenstein'updated: Wed May 26 2010 15:32:00

An overseer of the $700 billion financial sector bailout said Wednesday that insurer AIG lacked regulation, leading to a taxpayer-funded rescue that "broke all the rules."

CNNMoney: U.S. abandons case against AIGupdated: Mon May 24 2010 11:36:00

The U.S. Justice Department has concluded its criminal probe into AIG and will not pursue charges against the insurer or its senior executives.

CNNMoney: AIG swings to profitupdated: Fri May 07 2010 11:17:00

Troubled insurer AIG reported a quarterly profit Friday, as the company's core insurance businesses continued to stabilize.

Protect taxpayers from Wall Street riskupdated: Mon May 03 2010 15:50:00

As legislators continue to trade loud barbs over the details of the bill that seeks to overhaul our financial system, we risk losing a crucial aspect of reform in the din.

CNNMoney: AIG: A Goldman victim?updated: Tue Apr 20 2010 12:59:00

It's hard to think of AIG as a victim after the insurer made failed bets that were so big, taxpayers were forced to bail the firm out to the tune of $182 billion.

Former AIG head talks post-bailoutupdated: Mon Apr 19 2010 21:15:00

CNN's Richard Quest sits down with the former head of AIG and current CEO of C.V. Starr, Hank Greenberg.

CNNMoney: Why AIG won't be nextupdated: Mon Apr 19 2010 13:41:00

Many believe that corporate greed brought on the Great Recession, yet Friday's fraud charge against Goldman Sachs is one of only a few federal lawsuits to come out of the economic downturn.

CNNMoney: AIG bonusgate: Part IIupdated: Wed Mar 17 2010 14:10:00

The AIG story that just won't go away is entering phase two.

CNNMoney: Citi, AIG, Fannie and Freddie: The Not Fab 4updated: Wed Mar 10 2010 12:51:00

Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place.

Financial reform key as Obama meets with Greek leaderupdated: Tue Mar 09 2010 19:59:00

Global financial reform topped the agenda Tuesday as President Obama huddled with Greek Prime Minister George Papandreou, whose country is at the center of Europe's debt crisis.

CNNMoney: AIG: $51 billion down, $51 billion to goupdated: Mon Mar 08 2010 13:42:00

After selling off its second "crown jewel" insurance business in a week, AIG has made a sizeable dent in its plan to repay its debt to taxpayers.

CNNMoney: Stocks set for positive openupdated: Mon Mar 08 2010 08:50:00

U.S. stocks were set to open higher Monday, as investors weighed another deal involving insurer AIG.

CNNMoney: AIG in $15.5 billion unit sale to MetLifeupdated: Mon Mar 08 2010 07:29:00

AIG agreed Monday to sell its American Life Insurance Co. unit to MetLife Inc. for $15.5 billion in cash and stock, in beleaguered AIG's second sale of an international unit in a week.

CNNMoney: AIG selling Asia unit to Prudential for $35 billionupdated: Mon Mar 08 2010 06:57:00

AIG said Monday that it had reached a definitive agreement to sell its Asian life insurance business to Britain's Prudential PLC in a deal valued at $35.5 billion.

CNNMoney: Stocks headed for higher openupdated: Mon Mar 01 2010 08:56:00

Stocks were poised to open higher after AIG reached a deal to sell off its Asian unit and investors digested the latest news on personal income and spending.

CNNMoney: AIG said to be near $35 billion Asia dealupdated: Mon Mar 01 2010 04:47:00

Britain's Prudential PLC confirmed Monday that it is in advanced talks to buy the Asian life insurance business of bailed-out insurer American International Group Inc.

CNNMoney: Stocks: Mixed day, tough weekupdated: Fri Feb 26 2010 17:53:00

Stocks ended little changed Friday as investors showed caution after a surprise drop in existing home sales, a surprise rise in GDP growth and AIG's worse-than-expected quarterly decline.

CNNMoney: AIG posts $9 billion lossupdated: Fri Feb 26 2010 12:11:00

AIG reported a substantial fourth-quarter loss Friday, largely due to costs associated with selling off large stakes in its insurance businesses to reduce the debt it owes to taxpayers.

CNNMoney: Stocks headed for another declineupdated: Fri Feb 26 2010 08:50:00

U.S. stocks were headed for a lower open Friday after a dismal report from AIG dashed hopes for an opening advance. A stronger than originally reported GDP report failed to boost sentiment.

CNNMoney: AIG to take a big hitupdated: Fri Feb 26 2010 03:54:00

After two straight profitable quarters, AIG is expected to report a substantial loss for the fourth quarter when the troubled insurer announces its latest financial results Friday morning.

CNNMoney: Fed probing Goldman trades with Greeceupdated: Thu Feb 25 2010 13:43:00

The Federal Reserve is looking into what role Goldman Sachs and other Wall Street firms may have played in Greece's debt problems, Fed Chairman Ben Bernanke said Thursday.

Fortune: Inside the crisis at AIGupdated: Thu Feb 18 2010 15:40:00

Anastasia "Stasia" Kelly, 60, joined American International Group as general counsel in September 2006, midway between the ouster of longtime CEO Maurice "Hank" Greenberg in 2005 and the AIG Financial Products crisis in 2008 that forced the U.S. government to take control of AIG.

CNNMoney: AIG to keep $500B in controversial derivativesupdated: Thu Feb 18 2010 01:15:00

AIG has decided to keep up to $500 billion of assets that have been widely blamed for bringing the company to its near collapse, according to news reports.

CNNMoney: AIG overhauls bonus systemupdated: Wed Feb 10 2010 18:59:00

AIG announced on Wednesday that it is changing the way it pays out bonuses to its employees, opting to determine compensation based on performance.

CNNMoney: AIG doling out $100 million more in bonusesupdated: Wed Feb 03 2010 09:46:00

AIG is planning another round of bonus payments worth a total of $100 million for current and former employees of its troubled financial products division, according to the company.

CNNMoney: Geithner: 'I had no role' in an AIG cover upupdated: Sun Jan 31 2010 11:36:00

Treasury Secretary Timothy Geithner told lawmakers Wednesday that he had no involvement in an apparent attempt by government regulators to withhold crucial information about AIG's bailout from the public.

CNNMoney: No redactions! AIG reveals the full storyupdated: Fri Jan 29 2010 14:11:00

Wanna see for yourself the confidential AIG documents that lawmakers are up in arms about? Go to SEC.gov.

CNNMoney: Geithner: 'I'll carry the burden' of AIG foreverupdated: Thu Jan 28 2010 18:26:00

A day after facing furious lawmakers on Capitol Hill, Treasury Secretary Tim Geithner told CNN on Thursday that he would forever "carry the burden" of the decision to bail out AIG but defended it as the government's only option.

CNNMoney: Time for Tim Geithner to goupdated: Thu Jan 28 2010 16:42:00

The shelf life for a Treasury secretary is often pretty short. Timothy Geithner may be nearing his expiration date.

CNNMoney: AIG and NY Fed under fire for hiding bailout factsupdated: Wed Jan 27 2010 07:11:00

AIG and the Federal Reserve Bank of New York have become targets of an investigation into whether the overseer had instructed the troubled insurer not to disclose certain key information to the public.

CNNMoney: Bernanke: Bring on AIG scrutinyupdated: Tue Jan 19 2010 15:01:00

In the latest move to placate critics, Federal Reserve Chairman Ben Bernanke on Tuesday invited the audit arm of Congress to review the Fed's bailout of American International Group.

Fortune: The AIG fiasco keeps getting worseupdated: Thu Jan 07 2010 17:02:00

The AIG bailout isn't going away, much as Treasury Secretary Tim Geithner might like it to.

CNNMoney: AIG changes payback strategy - reportupdated: Tue Dec 22 2009 14:57:00

AIG has reportedly changed its plans for restructuring its insurance business and its strategy for paying back the $70 billion it still owes taxpayers.

CNNMoney: Fed reduces AIG's debt by $25 billionupdated: Tue Dec 01 2009 09:47:00

AIG announced Tuesday that it completed a deal wiping out $25 billion of its debt to taxpayers by selling stakes in two subsidiaries to the Federal Reserve Bank of New York.

CNNMoney: AIG settles legal battle with Hank Greenbergupdated: Wed Nov 25 2009 18:07:00

AIG said Wednesday it agreed to settle long-standing legal disputes with the insurance giant's former chairman, Maurice "Hank" Greenberg.

CNNMoney: How Fed let AIG banks off easyupdated: Mon Nov 16 2009 19:18:00

Federal regulators, in rushing to rescue AIG last year, failed to use their clout to negotiate concessions from business partners of the troubled insurer, a bailout overseer said on Monday.

CNNMoney: AIG chief 'frustrated' but staying onupdated: Wed Nov 11 2009 21:01:00

AIG Chief Executive Robert Benmosche told his staff on Wednesday that he is "frustrated" with ongoing discussions with the government about bonuses, but he will remain with the company.

CNNMoney: AIG profitable for second straight quarterupdated: Fri Nov 06 2009 09:55:00

AIG reported its second profitable quarter in a row early Friday, as stabilization in its insurance businesses, and the credit and mortgage markets helped boost results.

CNNMoney: Don't bring charity into the bonus debateupdated: Tue Oct 27 2009 14:45:00

Generosity doesn't make bonuses smaller. Some critics of huge bank payouts apparently would go easier on recipients who give a chunk of their winnings to charity.

CNNMoney: AIG bonuses in the cross hairsupdated: Wed Oct 14 2009 12:56:00

Congress is resurfacing its outrage over AIG's bonuses after a report detailed the vast scope and scale of the troubled insurer's executive compensation plan.

CNNMoney: U.S. wants AIG bonuses curtailedupdated: Tue Oct 13 2009 18:40:00

The Treasury Department, after missing an opportunity to rein in controversial bonuses to AIG employees last year, is now pressing the bailed out insurer to reduce a $198 million bonus pool, according to an overseer's report released Tuesday.

Fortune: Business as usual for Moody's and S&Pupdated: Fri Oct 09 2009 15:00:00

What to do with Wall Street's gluttonous gatekeepers?

CNNMoney: America's most tone deaf CEOupdated: Tue Oct 06 2009 11:36:00

Since being named AIG's chief executive in August, Robert Benmosche's brashness has unnerved board members and raised the ire of Congress.

CNNMoney: AIG bailout 'significant' taxpayer riskupdated: Mon Sep 21 2009 15:38:00

AIG has stabilized thanks to a massive government bailout, but more than $120 billion in taxpayer loans to the insurance company remain at risk, according to a report issued Monday by a bailout overseer.

Fortune: Bob Willumstad: A 'bunker mentality' at AIGupdated: Thu Sep 10 2009 15:48:00

It may have been the shortest tenure as CEO of AIG when Bob Willumstad led the insurance giant during the summer of 2008, but oh, what a long three months those were.

CNNMoney: AIG's slow climb backupdated: Tue Sep 08 2009 16:29:00

Almost a year after it nearly collapsed, American International Group has only just found a chief executive who might stick around for a while. It has been a slow start to a marathon that began when Lehman Brothers went bust in September last year.

CNNMoney: Stop the market insanityupdated: Fri Aug 28 2009 17:19:00

The market keeps chugging along. But with speculative stocks like AIG and Vonage leading the way, you have to wonder if the rally won't soon go off the rails like Ozzy Osbourne's Crazy Train. Ay-Ay-Ay!

CNNMoney: AIG stock up 264% in Augustupdated: Thu Aug 27 2009 16:15:00

AIG's stock closed at $47.84 on Thursday. At the start of the month, shares were trading at a mere $13.14.

CNNMoney: Bouncing banks may be bad betsupdated: Thu Aug 20 2009 17:36:00

Banks are still failing left and right, and according to a recent survey of top financial services leaders, a big majority of bank executives think that a recovery in their industry will lag an overall economic rebound.

CNNMoney: AIG stock soars on CEO's optimismupdated: Thu Aug 20 2009 16:53:00

Shares of AIG jumped as much as 31% Thursday after newly appointed CEO Robert Benmosche said he was optimistic about returning the troubled insurer to its former glory.

CNNMoney: AIG's new boss: $3 million salary ... plusupdated: Tue Aug 18 2009 08:30:00

AIG's new boss will make an annual salary of $3 million and receive bonuses and stock options worth millions more, according to a company filing on Monday.

CNNMoney: AIG logs first quarterly profit since 2007updated: Fri Aug 07 2009 12:22:00

AIG may have reported its first quarterly profit in nearly two years on Friday, but the company still has a long way to go before it can repay the billions of dollars it owes U.S. taxpayers.

Fortune: Rolling the dice on AIGupdated: Thu Aug 06 2009 13:48:00

Less than a year after it nearly brought down the financial system with a misguided derivatives bet, AIG is everyone's favorite lottery ticket.

CNNMoney: AIG: $2.4 million in bonuses on holdupdated: Wed Aug 05 2009 10:32:00

Troubled insurer AIG did not pay $2.4 million in bonuses scheduled to be delivered to top executives on July 15, according to a Treasury official nominee.

CNNMoney: The messy issue of 'too big to fail'updated: Fri Jul 31 2009 15:55:00

Lawmakers are quickly learning that "too big to fail" may be too complex to legislate away.

CNNMoney: For sale by AIG: A unit called Chartisupdated: Mon Jul 27 2009 17:01:00

Maybe AIU sounded too much like AIG.

CNNMoney: AIG bonuses: $235 million to goupdated: Fri Jul 10 2009 14:07:00

Bailed-out insurer AIG again found itself in the crosshairs of bonus rage on Friday over its plans to pay $2.4 million in executive bonuses next week.

CNNMoney: 'Goodbye and good riddance' AIG directors!updated: Tue Jun 30 2009 14:34:00

AIG shareholders, a.k.a. U.S. taxpayers, ousted the majority of the company's leadership at AIG's annual shareholders meeting Tuesday, removing the overseers of one of the biggest corporate unravelings in American history.

CNNMoney: Taxpayers to have say on AIGupdated: Tue Jun 30 2009 07:57:00

AIG is expected to formally install its new board on Tuesday, when the company holds its first annual shareholders meeting since U.S. taxpayers were given majority control.

Fortune: Derivatives: The risk that still won't go awayupdated: Wed Jun 24 2009 10:08:00

Since it is chillingly clear that U.S. financial institutions have for a good while been regulated no more stringently than, say, demolition derby drivers, Washington has belatedly locked the garage door and begun to debate strict new rules. The blueprint at hand is President Obama's sweeping proposal in mid-June to revamp the responsibilities of government agencies and impose new regulations on the financial establishment. Nothing about this plan will fall easily into place: Too many government agencies will dig in their heels. Too many financial companies will battle every aspect of reform that threatens their bottom lines.

CNNMoney: Taxpayers gain $2.7B on bailout 'investment'updated: Wed Jun 10 2009 15:20:00

The government bailout of banks, lenders, Bear Stearns and AIG brought in billions of dollars to the Federal Reserve in the first quarter of 2009.

CNNMoney: Manchester United dumps AIGupdated: Wed Jun 03 2009 19:01:00

Manchester United will soon shed the AIG logo, the British soccer team announced Wednesday, officially ending its association with the fallen insurance giant next year.

CNNMoney: AIG's Liddy to step downupdated: Thu May 21 2009 19:07:00

AIG Chief Executive Edward Liddy announced Thursday that he plans to step down from the company once the insurer's board of directors finds a replacement.

CNNMoney: AIG 'bonusgate': Lessons learnedupdated: Thu May 14 2009 17:56:00

The furor over AIG's controversial bonuses is boiling over again.

CNNMoney: AIG payback? Don't hold your breathupdated: Tue May 12 2009 15:47:00

AIG Chief Executive Edward Liddy will appear before a House committee Wednesday to lay out the company's plan for paying back billions of taxpayer dollars.

CNNMoney: AIG loss narrows by 44%updated: Thu May 07 2009 19:38:00

Embattled insurer AIG reported its sixth-consecutive quarterly loss on Thursday, but the $4.4 billion loss narrowed sharply from the previous quarter's record-setting loss.

AIG witch hunt?updated: Fri May 01 2009 12:06:00

CNN's Campbell Brown asks if AIG execs who received bonuses are being too harshly targeted by politicians and the public.

Commentary: Will innocents at AIG pay the price?updated: Fri May 01 2009 12:06:00

Let's take a look at the other side of the witch hunt for executives who received bonuses from AIG.

Fortune: AIG sells auto insurer for $2 billionupdated: Thu Apr 16 2009 15:21:00

AIG made the first big dent Thursday in its mountain of IOUs to taxpayers.

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