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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.

Yielding to congressional demands, American International Group Inc. yesterday revealed the U.S. and foreign financial institutions to which it paid taxpayer bailout money, announcing that it now

American International Group's AIG Financial Products Corp. unit, with offices in London, England and Wilton, Conn., said Friday that as part of winding down its operations it has sold off some

After I hailed the benefits of enterprise risk management in my Feb. 9 blog, suggesting that a chief risk officer might have helped AIG avoid ...

SFO said it is also working on the probe with the UK-based financial services regulator, the Financial Services Authority. SFO noted that its inquiry does not concern the insurance operations of AIG

WASHINGTON--Disclosure that American International Group paid more than $450 million in bonuses early last year to retain employees at its troubled Financial Products Group is stirring more outrage

American International Group, Inc. (AIG) has issued a statement challenging assertions that it may have to absorb around $30 billion more in write downs because of the way the company accounts for its

After announcements that American International Group had adopted voluntary restrictions on executive compensation that eliminate management bonuses this year, a Maryland congressman is demanding