WASHINGTON — A federal appeals court has upheld as lawful the government’s bailout of American International Group in the heat of the financial crisis. It overturned a lower-court decision favoring the insurance giant’s former CEO. The ruling Tuesday by the ...

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General Electric Co.’s pension trust is suing American International Group Inc. over losses related to the insurer’s 2008 government bailout. AIG failed to disclose to investors the risk in its portfolio as the company increased its exposure to the subprime ...

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WASHINGTON — A U.S. judge has ordered that Federal Reserve Chairman Ben Bernanke can be questioned in a lawsuit against the government filed by the former head of American International Group Inc. It is rare for a Fed chairman to ...

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NEW YORK — The Dow Jones industrial average is dumping Cool Whip for copays. The Dow, perhaps the most widely known barometer of the U.S. stock market, announced Friday that it would boot Kraft Foods to make room for UnitedHealth ...

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WASHINGTON — Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest U.S. financial institutions during the 2008 crisis. Bernanke defended the central bank’s actions to ...

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WASHINGTON — The Federal Reserve is slightly cutting its estimate of how much it paid the federal government in 2011. But the bank says the payment is still the second biggest in the nation’s history. The Fed said Tuesday that ...

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NEW YORK — The lawsuits against Bank of America are piling up. The latest comes from U.S. Bancorp, which wants Bank of America Corp. to repurchase poorly-written mortgages sold by Countrywide Financial in 2005. Bank of America bought Countrywide Financial ...

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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 ...

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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 ...

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