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AIG

Treasury Secretary Timothy Geithner testifies to Congress on the AIG bailout (Photo by Ann Heisenfelt/Getty Images)

Opinion: Auto And Bank Bailouts Prove Effective

On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.

2012/09/11

WCBS 880 Special Series: Where The Jobs Are – Part 1

The jobs situation actually is getting better, if you know where to look, reported WCBS 880′s Wayne Cabot.

2012/06/04

The Pine Street headquarters of American International Group Inc. (AIG) in lower Manhattan is shown on March 23, 2009, after the troubled insurer took their name down over the weekend from the front of their Water Street building. (credit: Timothy A. Clary/AFP)

AIG Expects 4Q Charge Of $4.1B For Loss Reserves

The New York insurance company said Wednesday that it also reached a deal with the Treasury Department allowing it to keep $2 billion in proceeds from the sale of its life insurance divisions.

2011/02/09

AIG Completes Sale Of 2 Life Insurance Units

AIG, which agreed to the sale in September, said it will keep its remaining insurance businesses in Japan.

2011/02/01

AIG To Issue Warrants As Part Of Gov’t Exit Plan

AIG will issue 75 million warrants on Jan. 19 to shareholders of record Jan. 13. Shareholders who exercise the warrants stand to gain 36 percent if AIG’s stock price retains its current level of about $61.

2011/01/07

AIG Set To Repay $37 Billion In Bailout Money

AIG said it closed its sale of American Life Insurance Co. Monday to MetLife Inc. for $16.2 billion. It said last week that it raised $20.51 billion through an initial public offering for AIA Group Ltd.

2010/11/01

AIG Reaches Deal To Repay Gov’t Bailout Money

New York-based AIG was one of the hardest hit financial companies by the credit crisis and received the largest bailout the government doled out.

2010/09/30

Report: AIG, Government Discuss Bailout Repayment

The plan would begin with the Treasury Department converting $49 billion in preferred stock it holds in AIG into common shares, according to the report.

2010/09/14

AIG Repaying Nearly $4 Billion In Federal Loans

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

2010/08/23

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