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AMERICAN INTERNATIONAL GROUP INC

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abtest

New AIG executives

September 23, 2014 - 12:00am

The American International Group Inc. has appointed Penny Seach as head of Casualty, Asia Pacific, outside Japan, and Robert Klepper as Global Property Executive, Asia Pacific.

Banking

Financial firms face more risks

By Ted P. Torres | July 8, 2014 - 12:00am

Financial institutions such as banks, insurance companies and fund managers are now offering more complex products and services for the maturing investing public.

Banking

AIG positions for construction boom

February 18, 2014 - 12:00am

The American International Group Inc. (AIG) is prepared to capitalize on new construction opportunities as the economic boom in the Philippines triggers further expansion in the large-scale building sector.

Banking

Fed starts monitoring AIG, Prudential

June 11, 2013 - 12:00am

The American International Group Inc. (AIG), Prudential Financial Inc. (PRU) and a unit of General Electric Co. (GE)were identified by US regulators as potential risks to the financial system in a step toward putting...

Banking

AIG mulls suing US gov’t over bailout

January 10, 2013 - 12:00am

AIG is considering whether the company should join a lawsuit against the government that spent $182 billion to save it from collapse.

Business

Dow ekes out 8th straight day of gains

February 11, 2011 - 12:00am

Stocks closed mixed Wednesday after the head of the Federal Reserve said unemployment may remain high for several years. The Dow Jones industrial average eked out its eighth straight day of gains, extending its longest...

Business

US government winds down AIG rescue

January 16, 2011 - 12:00am

The government will wind down its largest and most complex rescue from the 2008 financial crisis, a $182-billion package to save insurer AIG, by selling stock over the next two years.

Business

Dow climbs as worries about Europe ease

January 14, 2011 - 12:00am

Hopes that banks would start raising their dividends sent financial stocks sharply higher Wednesday. Indexes closed at their highest levels in more than two years after a successful bond auction in Portugal eased...

Business

Ex-Lehman CEO says regulators refused to save firm

September 2, 2010 - 11:40am

The former chief of Lehman Brothers told a panel investigating the financial crisis that the Wall Street firm could have been rescued, but regulators refused to help — even though they later bailed out other...

AIG to repay nearly $4 billion in federal loans

August 25, 2010 - 12:00am

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.

Business