Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG CEO Liddy: ‘I Need All The Help I Can Get’
Mar 19 2009 // The head of the nation’s most vilified corporation sat before irate lawmakers at a U.S. congressional hearing Wednesday and was assured, “We don’t intend to harass you.” Then the harassment...
AIG Weighs Selling Pine Street Headquarters Building in Manhattan
Mar 19 2009 // American International Group Inc., being kept afloat by a $180 billion government bailout, may sell its downtown Manhattan headquarters. “AIG is evaluating the potential sale of its headquarters building at 70 Pine...
U.S. House Passes Measure to Recoup AIG Bonuses
Mar 19 2009 // The U.S. House of Representatives swiftly passed a bill Thursday to recoup controversial bonuses paid to American International Group Inc. as Treasury Secretary Timothy Geithner tried to calm the furor by taking...
AIG CEO Liddy to Appear Before House Committee Today
Mar 18 2009 // American International Group CEO and Chairman Edward Liddy is among those scheduled to testify before a House subcomittee today on Capitol Hill. The hearing of the House Financial Services Subcommittee on Capital Markets,...
U.S. to Claw Back AIG Bonuses, Congress Eyes Taxing Recipients
Mar 18 2009 // The Obama administration turned up the heat on AIG Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion. Treasury Secretary...
AIG’s Liddy Says Taxpayers Will Be Repaid
Mar 18 2009 // Public anger over the bailout of U.S. financial firms is understandable, but taxpayers should know that American International Group plans to repay the money, chief executive Edward Liddy said in an opinion piece published...
Regulators: AIG Not Using Bailout Funds to Underprice Insurance
Mar 18 2009 // Despite some complaints by competitors, American International Group (AIG) does not appear to be using federal bailout funds to lower its insurance prices to keep and attract business, state and federal officials told a...
73 AIG Employees Got $1 Million Bonuses, Says New York AG Cuomo
Mar 18 2009 // American International Group Inc., which has received $180 billion in taxpayer money to stay in business, created 73 millionaires with bonuses of $1 million or more in 2008, New York’s top legal officer said on...
AIG Asks Financial Products Employees To Give Up Half of Bonuses
Mar 18 2009 // American International Group Financial Products (AIGFP) employees who received retention bonuses in excess of $100,000 have been asked to return half of the bonuses, AIG CEO Edward Liddy told lawmakers on Capitol Hill...
Testimony of AIG CEO Liddy on Capitol Hill
Mar 18 2009 // American International Group CEO and Chairman Edward Liddy was among those scheduled to testify before a House subcomittee March 18 on Capitol Hill. The hearing of the House Financial Services Subcommittee on Capital...
400 AIG Financial Unit Employees Promised $650 Million in Bonuses
Mar 17 2009 // American International Group Inc., which received $180 billion in U.S. taxpayer money, disclosed that up to 400 employees would be receiving as much as $650 million in bonuses. The employees, who are part of the financial...
U.S. Modifying AIG Aid to Recoup Financial Products Unit Bonuses
Mar 17 2009 // The U.S. Treasury will modify a planned $30 billion capital infusion for American International Group to try to recoup hundreds of millions of dollars in controversial bonuses paid by the insurer, a Treasury official said...
Iowa’s Sen. Grassley Suggests AIG Execs Consider ‘Japanese’ Suicide
Mar 17 2009 // A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their...
Obama Wants to Distance Economic Plan, AIG Rescue
Mar 17 2009 // Barack Obama is scrambling to assure Americans he is keenly aware of public outrage over taxpayer-backed bonuses for AIG executives, lest his own economic plan get caught up in the outcry. “How do they justify this...
AIG Bonuses Should Be Delivered By FBI, Says Consumer Group
Mar 17 2009 // Consumer advocates have proposed that federal law enforcement agencies should create a special investigative unit dedicated to unearthing any fraud or misconduct attributable to American International Group (AIG) employees...
Timeline: AIG Developments Since U.S. Bailout
Mar 16 2009 // American International Group Inc., once the world’s largest insurer, nearly collapsed last September under losses from bad mortgage bets made by a financial products unit. The U.S. government has since stepped in...
Rep. Frank: Might Be Time To Fire Some People At AIG
Mar 16 2009 // Amid simmering outrage over $165 million in bonuses paid to executives at ailing AIG, Representative Barney Frank said Monday it may be time to fire some people at the insurance giant. “These people may have a right...
AIG’s European Bank Payments, Bonuses Spark Political Outrage
Mar 16 2009 // Goldman Sachs Group and a parade of European banks were the major beneficiaries of $93 billion in payments from American International Group — more than half of the U.S. taxpayer money spent to rescue the massive...
AIG Bank Payments – Is the Media Missing the Point?
Mar 16 2009 // The Reuters article does basically explain that AIG made payments to Goldman Sachs and “foreign” banks, but it becomes a bit confusing as to why those payments were made. It also muddies the waters with a lot...
Obama Urges All Legal Means to Stop AIG Bonuses
Mar 16 2009 // President Barack Obama told Treasury Secretary Timothy Geithner to take all legal measures to block hefty bonuses awarded to employees of AIG , the insurance company that received up to $180 billion in bailout money, a...
