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Greenberg Is Not a Fan of A.I.G.’s Repayment Plan Many parties were singing the praises of the American International Group’s plan to eventually repay its government-financed bailout. Maurice R. Greenberg, its blunt former chief executive, isn’t one of them. Mr. Greenberg, who left from A.I.G. in 2005 amid its accounting scandal, harshly criticized the plan, […]
AIG and U.S. Set Faster, Riskier Exit Path AIG plans to use the proceeds from future asset sales, including the sale of two Japanese life insurance units, to retire the remainder of the Fed’s stake. Prudential Financial Inc clinched a deal for the Japan units — AIG Star Life Insurance Co Ltd and AIG Edison […]
AIG and U.S. Set Faster, Riskier Exit Path American International Group Inc and the U.S. government agreed on Thursday agreed on a plan that would accelerate the payback of bailout money and could yield a profit for taxpayers but also increase their risk. The plan comes a little over two years after AIG was first […]
Wall Street’s benchmark Dow Jones index plunged Monday to close at levels not seen since 1997 — after U.S. insurance giant AIG revealed monumental quarterly losses of $62 billion. AIG’s results came hours after the U.S