Items Tagged with 'AIG Financial Products'

ARTICLES

  • AIG Reports $1.8bn Profit for Q209

    American International Group (AIG) [stock AIG][/stock] earned its first quarterly profit since the third quarter of 2007, after a year and a half of posting losses. The insurance giant gathered $1.8bn in net income or $2.30 per diluted common share for Q209. The earnings come after a $5.4bn net loss in the second quarter of 2008, according to a corporate release.
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  • AIG Posts Q1 Loss Amid Restructuring Costs

    American International Group, Inc. [stock AIG][/stock] reports a first-quarter loss of $4.35bn, or $1.98 per share, driven in part by a number of restructuring charges, the company said late last week. Additional hits to AIG's balance sheet comes in the form of unwinding credit default swaps programs and risky investments in debt obligations backed by residential properties. First quarter's loss is far narrower than the record $61.7bn Q408 loss, which marked the largest quarterly loss in the company's history.
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  • House Passes Bonus-Blocking Bill

    In the wake of public outcry at the $165 million in bonuses paid out by American International Group Inc. [stock AIG][/stock] to top executives at AIG Financial Products -- the division largely blamed for the fall of the giant insurer -- regulators are stepping up to bat with the only weapon they may have to reverse the payments after-the-fact: legislation.
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  • Bonus-Blocking Bill Before House

    In the wake of public outcry at the $165 million in bonuses paid out by American International Group Inc. [stock AIG][/stock] to top executives at AIG Financial Products -- the division largely blamed for the fall of the giant insurer -- regulators are stepping up to bat with the only weapon they may have to reverse the payments after-the-fact: legislation.
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  • AIG Discloses Recipients of Emergency Funds

    Troubled American International Group Inc. [stock AIG][/stock] on Sunday disclosed names of dozens of trading partners and financial institutions that received billions of dollars in an effort to pay down the company's debts. AIG, the recipient of more than $170 billion in taxpayer money through the Treasury Department and Federal Reserve, is now 80 percent government-owned.
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