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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
  • 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...
  • Financial crisis five-year anniversary

    The traditional anniversary gift for a fifth anniversary is wood, so to honor of the fifth anniversary of the financial crisis, you can hand out wooden nickels. Five years ago, the U.S. financial system was brought to its knees. As a reminder of just...
  • Financial crisis five-year anniversary: Part 2

    Last week marked the beginning of the fifth anniversary of the financial crisis. In the first week of that fateful September, four investment banks vanished (Lehman Brothers declared bankruptcy, Bank of America swallowed the ailing and near-failing...
  • 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...
  • 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...
  • For the record

    Pilates gear: In the Dec. 8 Saturday section, two photos with an article about yoga and Pilates equipment were switched. The photo with the item about the PeakPilates PilatesStick Basic Kit Package, a door-mounted exercise system, was actually of the...
  • Bank of America voted least popular; satisfaction at 11-year low

    Bank of America voted least popular; satisfaction at 11-year low
    Customers last year were not pleased with Bank of America and its many fees, giving the institution its lowest satisfaction score since 2000. The score of 66 on a scale of 100 is 3% lower than the bank’s tally in 2010, according to the American...
  • Sen. Elizabeth Warren starts campaign to force banks to be boring

    WASHINGTON -- Sen. Elizabeth Warren has launched a campaign to make banks boring again as she pushes legislation to enact stricter regulations forcing deposit-taking financial institutions out of the investment business. The Massachusetts Democrat wants...
  • Sale of AIG's ILFC unit to Chinese investors hits a snag

    Sale of AIG's ILFC unit to Chinese investors hits a snag
    Insurance giant American International Group Inc.'s attempt at selling its Century City aircraft-leasing company to a consortium of Chinese investors has run into turbulence because a deposit payment was not received on schedule. AIG revealed in a...
  • Thank you, AIG?

    Thank you, AIG?
    Periodically, one comes across a jaw-dropping example of lawsuit abuse. The Good Samaritan gets sued for preventing a suicide, the robber takes the store clerk to court for fighting back, the B-list starlet sues because nobody watched her sex tape...