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AIG's former Chief Executive Maurice Hank Greenberg agreed to pay $15 million to settle government allegations that he had cooked the books to inflate the insurer's earnings in the first half of this decade, the Securities and Exchange Commission said on Thursday.

Former American International Group, Inc. chief Maurice 'Hank' Greenberg agreed to pay $15 million to settle charges that he violated antifraud and other provisions of securities laws.

Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York and American International Group Inc to help manage and break apart the insurer, The Wall Street Journal said on Wednesday, citing its own analysis.

Shares of battered financial companies including insurer American International Group Inc and lender CIT Group soared on Wednesday, as investors rushed to buy shares to cover short positions in the companies.

Shares of battered financial companies including insurer American International Group Inc and lender CIT Group soared on Wednesday, as investors apparently rushed to buy shares to cover short positions in the companies.

The shares of battered insurer American International Group Inc rose strongly on Wednesday ahead of the release of second-quarter earnings, which are expected to stabilize for the first time in five quarters.

American International Group Inc said it had tapped former MetLife chief Robert Benmosche to be its new CEO, effective next Monday.

Troubled insurer American International Group Inc has chosen former MetLife chief Robert Benmosche as its new CEO, The Wall Street Journal reported, citing people familiar with the matter.

Troubled insurer American International Group Inc has chosen former MetLife Inc chief Robert Benmosche as its new CEO, The Wall Street Journal reported, citing people familiar with the matter.

Primus Financial Holdings, founded by former top Citi Asia banker Robert Morse, plans to team up with a Hong Kong-listed battery maker to bid for AIG'sTaiwan unit Nan Shan Life, sources with direct knowledge of the matter said on Thursday.

Troubled insurer American International Group Inc rebranded its property-casualty business under the name Chartis on Monday, and took a step toward selling at least part of the business.

Troubled insurer American International Group Inc has formed a special-purpose vehicle for its AIU Holdings property-casualty unit, a key step toward selling at least part of that business.

American International Group Inc , the insurer that has received billions of dollars in federal aid, withheld $2.4 million in bonuses due to be paid to dozens of senior managers on July 15.

All derivatives dealers should meet capital, margin, conduct and record-keeping rules, Commodities Futures Trading Commission Chairman Gary Gensler said in a prepared text on Wednesday.

The Federal Reserve Bank of New York has guaranteed Morgan Stanley a global coordinator's role in any initial public offering (IPO) of American International Group units, documents made public on the New York Fed website show.

American International Group Inc filed a shelf registration statement with U.S. regulators on Friday, giving it the capability to issue common or preferred stock in the future.

American International Group Inc said on Wednesday it was moving ahead with spinning off a large life insurance unit, even as a source said it continues to hold sales talks with MetLife Inc.

U.S. asset manager Franklin Resources Inc has dropped out of a consortium negotiating to buy American International Group Inc's asset management unit, a source familiar with the matter said on Tuesday.

American International Group is preparing to pay next week millions of dollars more in bonuses to dozens of corporate executives, a source familiar with the development said.

American International Group is preparing to pay millions of dollars more in bonuses to several dozen top corporate executives, after an earlier round of payments set off a national furor, The Washington Post reported on Thursday.

Shares of American International Group Inc plummeted 22 percent on Thursday after a Citigroup analyst said the value of the troubled insurer's equity may fall to zero.

American International Group Inc , the insurer rescued by a series of federal bailouts, may have zero equity value due to the risk of more credit default swap losses and the disposal of key assets at low valuations, Citigroup said.

Citigroup said there is a high probability that American International Group Inc's equity value is zero, given the risk of more credit default swap losses and the management's eagerness to dispose of key businesses at low valuations.

American International Group Inc has resumed talks to sell its American Life Insurance Co unit to MetLife Inc in a transaction that could help the stricken insurer raise more than $15 billion, the Financial Times said.

A company run by former AIG CEO Maurice Hank Greenberg did not plunder billions from a retirement fund, a jury ruled, dashing the bailed-out insurer's chances of collecting $4.3 billion in damages.

A company run by former AIG CEO Maurice Hank Greenberg did not breach a trust when it ended an executive retirement scheme at the insurer more than four years ago, a federal jury ruled on Tuesday.

Maurice Hank Greenberg, former chief executive of American International Group Inc , fabricated documents and lied under oath in a bid to rewrite history and cloud who is the rightful beneficiary of a valuable block of AIG stock, AIG lawyer Ted Wells told a federal jury on Monday.

About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.

Global investors Carlyle and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubled U.S. insurer looks to divest some of its global assets.