-
By Reuters |
May 17, 2012
The Federal Reserve Bank of New York said on Thursday it has postponed the latest sale of mortgage-backed assets from the Maiden Lane III portfolio, which it acquired as part of a rescue package for the giant U.S. insurer AIG.
-
By Reuters |
May 7, 2012
The U.S. Treasury has agreed to cut its ownership stake in American International Group Inc to 63 percent by selling 163.9 million shares for approximately $5 billion, with the insurer agreeing to buy back about $2 billion worth.
-
By Phil Gusman, PropertyCasualty360.com |
April 20, 2012
American International Group’s recapitalization efforts have resulted in the insurance giant nearly halving its debt and preferred equity/total capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010, according to a Fitch Ratings Special Report on financial leverage for P&C insurers.
-
By Arthur D. Postal, PropertyCasualty360.com |
April 18, 2012
The Federal Reserve Bank of New York announced late Wednesday that it is exploring the sale of collateralized debt obligations originally owned by AIG’s troubled Financial Products Group.
-
By Phil Gusman, PropertyCasualty360.com |
April 17, 2012
American International Group’s recapitalization efforts have resulted in the insurance giant nearly halving its debt-and-preferred-to-total-capital ratio to 41.6 percent in 2011 compared to 81.2 percent in 2010.
-
By Arthur D. Postal, PropertyCasualty360.com |
April 3, 2012
The Federal Reserve Bank of New York Monday asked a federal court in Manhattan to promptly dismiss a lawsuit alleging that the federal government “discriminated” against American International Group by taking it over rather than loaning it money when it ran into financial problems in September 2008.
-
By Chad Hemenway, PropertyCasualty360.com |
March 27, 2012
The CEO of AIG says American taxpayers will pocket up to $10 billion when the government assistance it received more than three years ago is repaid.
-
By Chad Hemenway, PropertyCasualty360.com |
March 23, 2012
American International Group Inc.’s remaining debt to the U.S. government is about $45 billion after paying an additional $1.5 billion to the U.S. Treasury Department, the company says.
-
By MARCY GORDON, AP BUSINESS WRITER |
March 8, 2012
The Treasury Department is selling $6 billion worth of the $41.8 billion in common stock it holds in insurance giant AIG, which received the biggest bailout of the financial crisis in 2008.
-
By Arthur D. Postal, PropertyCasualty360.com |
February 29, 2012
The Federal Reserve Bank of New York late Tuesday finally closed out one chapter of the controversial bailout of American International Group by selling the last remaining securities held in the Maiden Lane II facility.
