Facing backlash, AIG won’t join lawsuit against U.S.
BY: Associated Press NEW YORK — Facing a certain backlash from Washington and beyond, American International Group won’t be joining a shareholder lawsuit against the U.S. government. AIG was legally obligated to consider joining the lawsuit being brought against the government by former AIG Chief Executive Maurice Greenberg, who claims that the terms of the $182 billion bailout [...] |
Treasury sells remaining shares of AIG
BY: Associated Press WASHINGTON — The Treasury Department said Tuesday that it has sold all of its remaining shares of American International Group Inc., moving to wrap up the government’s biggest bailout of the 2008 financial crisis. Treasury said it received $32.50 per share for its 234.2 million remaining shares, which represented a 16 percent ownership stake in [...] |
AIG sues Bank of America for $10B over mortgages
BY: Associated Press NEW YORK — More trouble piled up for Bank of America Corp. on Monday, as American International Group Inc. sued it for more than $10 billion, saying the bank cheated it by selling residential mortgage-backed securities that were overvalued. The suit comes on top of similar suits, which together put the bank in a precarious [...] |
AIG taking key step toward repaying bailout
BY: Associated Press WASHINGTON — Bailed-out insurance conglomerate American International Group Inc. is taking a key step toward paying off a bailout that was at one point worth $182 billion — the largest of the financial crisis. The company said in a public filing Wednesday that it will repay a loan from the Federal Reserve Bank of New [...] |
AIG set to repay $37 billion in bailout money
BY: Associated Press NEW YORK — AIG said Monday it raised nearly $37 billion from the sale of two foreign insurance units and will use that money to repay a government bailout. The insurance giant closed its previously announced sale of American Life Insurance Co. on Monday. It sold ALICO to MetLife Inc. for $16.2 billion. The sale [...] |
AIG repaying nearly $4 billion in federal loans
BY: Associated Press NEW YORK — American International Group Inc. says it is repaying nearly $4 billion in federal bailout loans. The insurer said Monday it will pay back the taxpayer-funded loans with proceeds from a recently completed $4.4 billion debt sale at its aircraft leasing company, International Lease Finance Corp. The payment will trim AIG’s outstanding balance [...] |
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Newsmakers – Doug Gansler
Maryland Attorney General Doug Gansler sat down with Daily Record reporters and editors for our latest Newsmakers interview. Gansler spoke about his potential run for governor, the high-profile bills on gun control and the death penalty passed by the General Assembly and the challenges facing his office and the state of Maryland....
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