Aig

AIG Debates if it Could Buy back AIA in Future

American International Group Chairman Steve Miller said on Thursday the bailed-out insurance giant may eventually want to buy a life insurer outside the U.S., including possibly a larger stake in the spun-off subsidiary AIA Group, as confidence in its turnaround grows.

Will CDS Tackle the European Financial System?

The European sovereign debt crisis has been festering for nearly three years, and some observers wonder whether the credit default swaps (CDS) that have been written on the government of Greece, Ireland, Italy, Portugal and Spain represent another source of risk for the world's financial institutions.

Court OKs AIG's $450M Workers Comp Settlement

A federal judge has approved American International Group Inc's $450 million settlement with rival insurers to end litigation accusing AIG of underreporting premiums on workers' compensation policies.

Saving Capitalism from the Capitalists

Prudent interventions by major central banks averted a global financial calamity during the financial crisis’ acute stage three years ago. Another intervention to address Europe may be needed, and should be implemented, if central bank officials deem it necessary.

AIG CEO Defends Company Amid Huge Losses

AIG suffered a perfect storm of natural disasters and adverse market conditions in the third quarter, its chief executive officer said on Friday, the day after the company posted a net loss of more than $4 billion.

AIG loses bid to move $10 billion fraud case vs BofA

A federal judge rejected American International Group Inc's request to move its $10 billion mortgage fraud lawsuit against Bank of America Corp back to a New York state court, where AIG believed the case belonged.

Is Occupy Wall Street Protesting in the Wrong ZIP Code?

Occupy Wall Street has camped out at Zucotti Park in Lower Manhattan for weeks, but it probably isn't reaching as many bankers as it could. Which could have something to do with the fact that finance is no longer the area's biggest tenant.

Bank of America Kept AIG Legal Threat Under Wraps

Top Bank of America Corp lawyers knew as early as January that American International Group Inc was prepared to sue the bank for more than $10 billion, seven months before the lawsuit was filed, according to sources familiar with the matter.

Fed's Jackson Hole Retreat Not Always Restful

Central bankers and economists from around the globe will once again flock to the Federal Reserve's annual gathering in Wyoming this week, and once again will meet against the backdrop of volatile markets and the prospect of further Fed support for a struggling U.S. economy.

AIG Repays Government Another $2.15 Billion

Bailed-out insurer American International Group said on Thursday it closed the sale of its Taiwanese life insurance business and used the proceeds to repay the government another $2.15 billion.

U.S. Stock Market: Dow?s Wild Ride May Continue, on Societe Generale Woes

After a week of wild gyrations that saw the Dow Jones Industrial Average rise or fall 400 points on four consecutive days, there?s word that a major bank in France with a funny-sounding name may be in trouble. Further, if you think a possible problem at France's Societe Generale won?t affect the value of the U.S. stocks you own, think again.

U.S. Health Care Law: Supreme Court Likely to Determine Fate in 2012

The 2010 U.S. Health Care Reform Act will likely be decided by the U.S. Supreme Court in 2012, in a case that pits individual liberties concerns versus the U.S. Government?s authority to limit public health care costs via universal insurance. If the court hears the case by the spring 2012, it could issue a ruling in June 2012.

Bonds fund star Gundlach to face grilling at trial

Jurors will finally have a chance to hear directly from Jeffrey Gundlach when the outspoken "king of bonds" takes the stand, expected as soon as Wednesday, in his high-stakes courtroom battle with his former employer, Trust Company of the West.

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