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American International Group

A collection of news and information related to American International Group published by this site and its partners.

Top American International Group Articles

Displaying items 34-44
  • BofA's legal costs mount in Countrywide mortgage fiasco

    NEW YORK — A federal judge will soon decide how much Bank of America should pay for some of Countrywide Financial Corp.'s sins in the lead-up to the financial crisis. Federal prosecutors want BofA to pay $864 million after the bank's stinging...
  • Obama to tap Treasury official for key Wall Street oversight post

    Obama to tap Treasury official for key Wall Street oversight post
    WASHINGTON -- President Obama on Tuesday will nominate the Treasury Department official in charge of the $800-billion financial bailout fund to be the next chairman of the Commodity Futures Trading Commission, which oversees the complex derivatives...
  • Aircraft-leasing pioneer looks at the short haul for the long haul

    Sometimes, things are even better the second time around. That's what Steven Udvar-Hazy is hoping. Nearly 40 years after co-founding International Lease Finance Corp. and pioneering its successful model of buying airplanes and leasing them to airlines,...
  • A Giant Returns After Massive Overhaul

     A Giant Returns After Massive Overhaul
    The Hartford Financial Services Group endured a massive overhaul in the past year and a half that resulted in a smaller company with far fewer employees. The remaining employees, however, say they enjoy working for a property-casualty and mutual funds...
  • 5 years after financial crash, many losers — and some big winners

    Never let a crisis go to waste, says an old rule of politics. For some major players in the economy, the financial crisis that began five years ago this month with Lehman Bros.' collapse turned out to be as much an opportunity as a calamity....
  • A lexicon of the financial crisis and its aftermath

    The 2008 financial crisis and its aftermath introduced Americans to a new world of financial jargon and acronyms. A sampling: •Subprime: That was the banking industry's designation for mortgages made to borrowers with shaky credit. As the housing...
  • Cummings calls for AIG's Benmosche to step down over comments

    Cummings calls for AIG's Benmosche to step down over comments
    WASHINGTON -- Rep. Elijah E. Cummings, the top-ranking Democrat on the House Committee on Oversight and Government Reform, called for the head of AIG to resign over comments he made comparing outrage over executive bonuses to lynchings that took place...
  • Of banker bonuses and public lynchings

    Of banker bonuses and public lynchings
    One can scarcely blame an appropriately-outraged Rep. Elijah E. Cummings for calling on AIG's Robert Benmosche to step down after the CEO compared the public criticism of the generous bonuses given top finance industry executives to lynchings in the...
  • Pay More Than Doubles For The Hartford's CEO, Liam McGee

    The 2012 pay package for Liam E. McGee, chairman and CEO of The Hartford Financial Services Group, was more than double what he received in 2011, according to documents filed Friday afternoon with the U.S. Securities and Exchange Commission. McGee had...
  • Treasury official tapped to lead Commodity Futures Trading Commission

     Treasury official tapped to lead Commodity Futures Trading Commission
    WASHINGTON — President Obama tapped a senior Treasury official to take over as one of Wall Street's top regulators, leading the agency charged with overseeing complex financial derivatives. Obama said Tuesday he would nominate Timothy Massad to...
  • Former Treasury Secretary Timothy Geithner joins private equity firm

    WASHINGTON -- Former Secretary of the Treasury Timothy F. Geithner is becoming a financial industry executive, taking a high-level job with the private-equity firm Warburg Pincus, the firm announced Saturday. Geithner, who was a major player in the...