Content Tagged As aig

4 years 4 months ago

Geithner: AIG has other options to repay bailout

Treasury Secretary Timothy Geithner is looking past the collapse of an American International Group deal to sell off a subsidiary, saying the insurance giant has other options for paying back its $182 billion government bailout. Geithner was speaking to reporters after Prudential PLC, a British company, said it was backing...

4 years 8 months ago

AIG to pay out $100 million in bonuses

Reports say American International Group Inc. is about to pay about $100 million in a fresh round of bonuses to employees of its financial products division. That's the unit whose risky bets helped sink the company leading to a $180 billion government bailout. The New York Times reports although...

4 years 9 months ago

Treasury Secretary embroiled in controversy

The Federal Reserve Bank of New York pressed American International Group to withhold details of controversial deals that funneled billions in bailout money to Goldman Sachs and other banks. E-mails show lawyers representing the New York Fed asked AIG to remove the information from a draft financial disclosure. Treasury Secretary...

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