american international group

The New York attorney general asked the American International Group whether it was still planning to give out bonuses or raises after the government rescued the insurer from collapse.

American International Group plans to pay out $503 million in deferred compensation to some of its top employees, saying it must tap the funds to keep valuable workers from exiting the troubled insurance giant.

At least 110 banks have requested more than $170 billion from the Treasury Department's rescue fund, and many more are expected to have submitted applications before Friday's deadline.

The requests would come from the $250 billion the Treasury set aside from the $700 billion fund to purchase stock in banks.

A key Democratic lawmaker called Tuesday for the resignation of American International Group's CEO after the troubled insurer held a financial planners conference last week at a posh Arizona resort.

American International Group Inc. on Tuesday defended a media report of a sales meeting held at a luxury resort in Phoenix last week, saying the event was an "essential training meeting."

By Mark Felsenthal and Lilla Zuill WASHINGTON/NEW YORK (Reuters) - The Federal Reserve hiked its support for insurer American International Group Inc to about $150 billion on Monday after an initial bailout attempt failed to stem massive...

The government on Monday provided new assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership.

American International Group Inc. late Sunday was reportedly near a deal for a revised bailout package from the U.S. government that would make borrowing terms easier for the troubled insurer.

The American International Group has access to $144 billion in credit from the Federal Reserve under three programs, but its cash needs could grow even further.

American International Group has found another place to borrow billions of dollars from the government: the Federal Reserve’s commercial paper program.