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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 45-55
  • 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...
  • Working poor didn't cause crash

    Working poor didn't cause crash
    I must take issue with letter writer Stanley Glinka's assertion that it was "the policy of forcing banks to give loans to people who could not afford them" that led to our current financial mess ("Stop blaming Bush," May 1). First of all, we need to...
  • Local firefighters hone skills to fight boat blazes

    Local firefighters hone skills to fight boat blazes
    Fighting fires on land has its risks, but tackling blazes on yachts, whether in the water or docked, presents its own challenges. That's what more than a dozen Fort Lauderdale and Davie firefighters learned Tuesday during specialized marine firefighting...
  • 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...
  • 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...
  • AIG selling aircraft-leasing business for $5.4 billion to AerCap

    AIG selling aircraft-leasing business for $5.4 billion to AerCap
    AIG announced Monday it is selling its aircraft-leasing business International Lease Finance Corp. for $5.4 billion in cash and stocks to Netherlands-based AerCap Holdings.  The announced sale comes five years after American International Group first...
  • AIG to sell aircraft-leasing unit ILFC to AerCap for $5.4 billion

    Insurance giant American International Group Inc. announced it would sell a majority of its Century City aircraft-leasing unit to Netherlands-based AerCap Holdings, in a deal valued at $5.4 billion in cash and stock. The deal for International Lease...
  • Ten Maryland banks remain in TARP, while Treasury winds down program

    Ten Maryland banks remain in TARP, while Treasury winds down program
    Delmar Bancorp has no regrets about taking a $9 million investment from the federal Troubled Asset Relief Program, even though some banks have rushed for the exit. "We did it as an abundance of caution," said Ed Thomas, president of the parent of Bank of...