After months of planning, AIG announced Thursday that it had entered into an agreement with the Treasury Department and the Federal Reserve Bank of New York about how it will repay in full its obligations to the U.S. governmen…
As expected, American International Group (AIG) said Thursday it will sell AIG Star Life Insurance and AIG Edison Life Insurance in Japan to Prudential Financial (PRU) for $4.8 billion. The deal marks yet another step in the bailed-out insurer’s effort…
American International Group’s board of directors is expected to vote Wednesday on a plan to exit the government’s bailout program, according to comments made by AIG Chairman Steve Miller during an investment conference.
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AIG’s successful run of getting lawsuits against it dismissed has ended. On Monday, U.S. District Judge Laura Taylor Swain gave the green light to a securities fraud class action case regarding AIGs credit default swap portfoli…
The government is close to announcing its plans to end the bailout of American International Group (AIG), returning the company to independence and recovering taxpayer funds.
The Treasury is planning to begin converting its $49 billion preferred stak…