Posts tagged AIG
10 Unusual Stocks Attracting Huge Interest In The Market Right Now (CRH, POT, DTPI, AIG, CRUS, BKS, BKC, PAR)
Aug 24th
Here’s where there’s abnormally high interest in the pre-market, with the catalysts that could be driving it.
Today, Dell and HP’s M&A fight has heated up even further, plus we have a brand new buy-out target melting up, an FDA scare, and more…
Click here to see the action >
AIG pays back some of its emergency loans used for bonuses
Aug 24th
AIG got billions in the bailout, and a lot of people weren't happy. The company just paid $4 billion back to the Fed. Image from Wikimedia Commons.
Insurance and finance giant American International Group has just paid back a portion of the emergency loans that it borrowed to stay afloat. The Federal Reserve received a payment recently of almost $4 billion. The company still has a long way to go until AIG has complete debt settlement with the American people. The company still owes about $97 billion and has an open credit line for the next three years. AIG recently sold a hefty portion of its finance wing. The group is battling to get itself out of debt and back into the black.
AIG makes big payment to the Fed
The Federal Reserve was recently wired a payment of nearly $4 billion by AIG, according to Forbes. AIG was lent almost $182 billion in emergency loans, when the company nearly sank in the midst of the financial crisis. Since then, the Federal Reserve has kept an open line of credit for the company, in case it needs some further loan cash. AIG has been paying on the debt, as the debt for the company is now less than $100 billion for the first time since 2008. There is an open line of credit for AIG, as the Federal Reserve has $30 billion open to AIG in case it should be needed. … click here to read the rest of the article titled “AIG pays back some of its emergency loans used for bonuses“
Who Will Regulate AIG? Who Knows
Aug 7th
There is a section of today’s second quarter filing from AIG that reads like a “Choose Your Own Adventure” book.
AIG Losses Return in Q210 on Continued Wind-Down Efforts
Aug 6th
Troubled Insurer American International Group (AIG: 40.89 +2.48%) reported a $2.7bn net loss in the second quarter of 2010 (Q210), compared with a $1.8bn net income in the year-ago quarter.
AIG returned to a loss this quarter after posting a $1.5bn profit in Q110 on improved mortgage results.
The company's losses reflect a $3.3bn non-cash goodwill impairment [...]
Why Did AIG’s Joseph Cassano Evade Charges? Click Here
Jul 23rd
Why couldn’t federal prosecutors or regulators pin anything on the former head of AIG’s derivatives unit? A WSJ story out Friday explores the question.
AIG Reaches Huge Settlement with Ohio, But Can it Pay?
Jul 19th
Late last week, insurance giant AIG, agreed to pay $725 million to a group of Ohio pension funds to settle a long-running securities lawsuit. The plaintiffs had alleged that the company several years ago engaged in insurance bid-rigging and inflated its stock price and insurance reserves.
12 Stocks On The Move After JPM’s Blow-Out Earnings (JPM, C, BAC, GS, MS, AIG)
Jul 15th
U.S. stock futures were sitting around the zero-line, even indicating a lower open.
Then JP Morgan reported earnings well above what analysts’ expected.
Now U.S. futures are in the green and the some key financials are rallying in the pre-market. For other key names though, even JPM’s news isn’t enough of a boost.
Goldman and AIG: Here’s What We’re Still Wondering
Jun 30th
Whether AIG’s rescue by the U.S. government represented a backdoor bailout of Goldman Sachs is really at the heart of Wednesday’s grilling of officials from the two companies.
Live Blogging Joe Cassano’s AIG Testimony
Jun 30th
Just when you maybe thought there was nothing new that could be learned about AIG’s collapse along comes Joe Cassano, the former head of the firm’s financial products unit
Joe Cassano’s Testimony: AIG CDS Worked Just Fine
Jun 30th
Recently freed from the threat of criminal charges, AIG’s former head of financial products will testify for the first time today before the Financial Crisis Inquiry Commission.
Deals of the Day: Taxpayers Likely to Lose Big on AIG
Jun 10th
Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.
Deals of the Day: What Now for AIG?
Jun 3rd
Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.
With Pru Deal Dead, Bankers Chase AIA IPO
Jun 2nd
One door closes, another one opens. Take the case of the Pru’s failed attempt to acquire AIG’s AIA unit for $35 billion, which also included a canceled $21 billion rights issue.
Pru Lifts Pound, But Don’t Get Excited
Jun 2nd
The collapse of Prudential’s bid to buy AIG’s main Asian life-insurance business is giving the U.K. pound a major lift. But is this just a temporary respite?
No Big Blip for Pru’s Hong Kong Shares
Jun 2nd
Don’t look for shares of Prudential PLC to skyrocket now that the insurer has said it’s walking away from the $35.5 billion deal to buy AIG’s Asian life-insurance business.
After Prudential, When Can AIG Pay Back Taxpayers?
Jun 1st
So exactly when are the tax payers going to get paid back for supplying AIG with $132 billion in rescue funds?
Meet AIG, the Toughest Deal Maker on the Block. Yes, That AIG
Jun 1st
When Robert Benmosche was hired a year ago as CEO of American International Group, he said he wasn’t going to “fire sale” AIG’s assets, regardless of how much pressure he was under to pay back the U.S. Treasury Department. Well, it looks like the board of AIG has followed his lead.
Deals of the Day: AIG Says No Thanks to Pru’s Lower Offer
Jun 1st
Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.
Treasury: AIG in better shape to repay bailout
May 26th
Insurance giant American International Group (AIG) is better positioned to pay back all of its $182bn federal bailout, a key Treasury official plans to testify Wednesday.
But AIG's ability to repay taxpayers depends on its future profitability and the insurance industry's strength, Treasury chief restructuring officer Jim Millstein says in his prepared testimony. He says AIG must complete the planned sales of two large insurance subsidiaries and regain the market's confidence.
