The head of a House committee said he will hold a hearing to probe allegations that Federal Reserve Bank of New York officials told American International Group not to disclose information about bailout arrangements.
American International Group said last week that despite the ongoing investigations by federal authorities, they know of no illegal activity by the company's controversial financial products unit.
American International Group Chief Executive Officer Edward Liddy under threat of subpoena has agreed to appear before a House committee that wants to know if AIG will need more government bailout money.
Three members of the government panel appointed to oversee the taxpayers' investment in American International Group have been asked to brief the House Oversight and Government Reform Committee on details of the status of the financially troubled company.
Commercial property-casualty insurance market rates continue to show signs of stability as premium price reductions continue to moderate, according to a survey of major insurance brokers.
Three pension funds are asking the government trustees overseeing the U.S. loan to American International Group to withhold their support for one of the AIG board members who served on the company's compensation committee.
AIG last week revealed the institutions to which it paid some $120 billion in taxpayer bailout money to settle controversial derivatives trades, announcing it now sees use of such money should be public.
While everyone and their grandmother was getting in a lather about AIG paying $165 million in retention bonuses to its notorious Financial Products unit, there ...
The leadership of the Senate Banking Committee urged overseers of the (TARP) to investigate why AIG paid back investors in troubled AIG mortgage security offerings on a dollar-for-dollar basis even though the securities had not yet defaulted.