Willumstad AIG bailout News

American International Group Inc.’s former chief executive officer said regulators didn’t tell him about a potential Chinese investment before the U.S. government’s 2008 bailout of the insurer. Robert Willumstad, testifying in Maurice “Hank” Greenberg’s lawsuit challenging the terms of the …

American International Group Inc.’s bailout by the U.S. in 2008 was seen by the company’s board as its only rescue option at the time, former Chief Executive Officer Robert Willumstad testified. The insurer’s board acted in “the best interest of …