IFAwebnews » TARP

Geithner says taxpayers could lose money from federal bailout of AIG

Bob Graham — Wed, 23 Jun 2010 11:25:20 +0000

U.S. Treasury Secretary Timothy Geithner told a congressional oversight group June 22 that the federal bailout of American International Group in 2008 could cost the U.S. taxpayers money.

Geithner says taxpayers could lose money from federal bailout of AIG via IFAwebnews.

Lincoln National Corp. to give U.S. back $950 million from stock offering

IFAwebnews Staff — Wed, 16 Jun 2010 10:21:59 +0000

Philadelphia-based Lincoln National Corp. plans to buy back $950 million worth of preferred stock to pay back the U.S. Treasury for money it received from the government last year.

Lincoln National Corp. to give U.S. back $950 million from stock offering via IFAwebnews.

AIG rejects renegotiation with Prudential in deal for life unit

Keith L. Martin — Tue, 01 Jun 2010 12:43:22 +0000

American International Group said it plans to adhere to the original terms of a deal where it would sell its American International Assurance Co. (AIA) unit to Prudential plc for $35.5 billion and not renegotiate a price.

AIG rejects renegotiation with Prudential in deal for life unit via IFAwebnews.

AIG executive ensures repayment, ‘plus a profit,’ to U.S. taxpayers

Keith L. Martin — Thu, 27 May 2010 12:16:49 +0000

The president and CEO of American International Group told a congressional panel that not only would the insurer repay the more than $132 billion it was loaned by taxpayers, but would pay more than it received.

AIG executive ensures repayment, ‘plus a profit,’ to U.S. taxpayers via IFAwebnews.

Report: Heads of AIG’s Financial Products unit escape federal charges

IFAwebnews Staff — Mon, 24 May 2010 12:31:20 +0000

The executives at the top of American International Group’s Financial Products unit – largely seen as responsible for the insurer’s near-collapse – will escape any federal charges, according to media reports.

Report: Heads of AIG’s Financial Products unit escape federal charges via IFAwebnews.

AIG reports $1.5 billion first quarter profit, ‘more work to be done’

Keith L. Martin — Fri, 07 May 2010 16:12:59 +0000

As it works to stabilize its operations and repay billions in federal bailout funding, American International Group reported $1.5 billion in net income through its core insurance business for the first quarter of 2010.

AIG reports $1.5 billion first quarter profit, ‘more work to be done’ via IFAwebnews.

Report: AIG replaces Goldman Sachs as corporate advisor

IFAwebnews Staff — Fri, 07 May 2010 12:20:28 +0000

Having survived a scandal of its own, American International Group may be dropping one of its long-term partners under intense scrutiny by federal authorities.

Report: AIG replaces Goldman Sachs as corporate advisor via IFAwebnews.

Benmosche earned $2.7 million as AIG’s chief executive in 2009

Keith L. Martin — Tue, 13 Apr 2010 19:01:29 +0000

For his work in aiding troubled American International Group regain its reputation as one of the world’s leading insurance companies while also overseeing repayment of billions in federal aid, Robert Benmosche earned $2.7 million as head of the company in 2009.

Benmosche earned $2.7 million as AIG’s chief executive in 2009 via IFAwebnews.

Report: AIG executive says firm to repay government by 2013

IFAwebnews Staff — Mon, 05 Apr 2010 12:31:23 +0000

A pair of recent deals has American International Group’s chief executive officer confident that the insurer can repay the government for bailout funds by 2013.

Report: AIG executive says firm to repay government by 2013 via IFAwebnews.

Judge dismisses suit claiming ‘red flags’ warned of AIG trouble

IFAwebnews Staff — Thu, 01 Apr 2010 12:32:40 +0000

American International Group was victorious in defending a shareholder lawsuit, claiming that current and former executives ignored “red flags” of the company’s near collapse, after a federal judge dismissed the case.

Judge dismisses suit claiming ‘red flags’ warned of AIG trouble via IFAwebnews.