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U.S. vows more help for AIG, China enacts stimulus
NEW YORK (Reuters) - The United States pledged more support for struggling insurer AIG on Monday, a day after China announced a $586 billion plan to stimulate domestic demand, as world governments took new action to battle the global financial crisis.
Nations:Brazil Luxembourg Bulgaria Romania Mexico South Africa People:Barack Obama George W. Bush Activities:2008 AIG Crisis
2008-11-10
Government provides new aid to AIG
WASHINGTON - The government on Monday provided new financial assistance to troubled insurance giant American International Group, including pouring $40 billion into the company in return for partial ownership.
Activities:2008 AIG Crisis Source:(AP)
2008-11-10
US dramatically boosts aid package for AIG
WASHINGTON (AFP) - The US government Monday announced a dramatic boost in a restructured aid package for insurer American International Group, taking the total from 85 billion dollars to more than 150 billion.
Activities:2008 AIG Crisis Source:(AFP)
2008-11-10
NY AG says targeting exec pay at AIG, elsewhere
NEW YORK (Reuters) - Troubled insurer American International Group Inc will freeze payments to a former CEO and officers of the unit that was the main source of its financial problems, New York Attorney General Andrew Cuomo said on Wednesday.
Nations:U.S. People:Eliot Spitzer Activities:2008 AIG Crisis Source:(Reuters)
2008-10-22
AIG Fraud Case: Using the Market to Set Jail Terms
In coming weeks, five former insurance executives, including General Reinsurance ex-CEO Ronald Ferguson, are due to appear in federal court in Hartford. There, U.S. District Judge Christopher F. Droney will sentence them for their role in a sham transaction to boost the loss reserves of American International Group (NYSE:AIG - News). When the deal was disclosed in 2005, prosecutors contend, it caused AIG's share price to drop 6% to 15%. Because of that, the defendants, who were convicted of fraud in February, could go to prison for life.
People:Eliot Spitzer Activities:2008 AIG Crisis Source:(BusinessWeek)
2008-10-17
| Headlines |
- U.S. vows more help for AIG, China enacts stimulus 2008-11-10
- Government provides new aid to AIG 2008-11-10
- US dramatically boosts aid package for AIG 2008-11-10
- NY AG says targeting exec pay at AIG, elsewhere 2008-10-22
- AIG Fraud Case: Using the Market to Set Jail Terms 2008-10-17
- New AIG loan renews concerns over insurer's health 2008-10-09
- Fed grants AIG $37.8 billion loan 2008-10-08
- AIG execs' retreat after bailout angers lawmakers 2008-10-07
- Insurance giant AIG's role in market crisis probed 2008-10-07
- AIG to repay US government after asset sale 2008-10-03
- AIG plans sale of business units 2008-10-03
- AIG takes $85B deal from Fed 2008-09-24
- A tumultuous week ends with Wall Street remade 2008-09-19
- Bush says he's working hard on economic turmoil 2008-09-18
- Fed, central banks move to boost global confidence 2008-09-18
- New York AG launches probe of short-selling 2008-09-18
- AIG bailout: Where does financial crisis lead next? 2008-09-18
- GE shares down 7 percent, says rating "stable" 2008-09-17
- McCain says government 'forced' to bail out AIG 2008-09-17
- Biden says Wall Street woes awoke McCain to crisis 2008-09-17
- Morgan Stanley and Goldman plummet as crisis mounts 2008-09-17
- Stocks sink after government bailout of AIG 2008-09-17
- Cost of protecting against default on corporate debt soars 2008-09-17
- With finance crisis, hands-off era over 2008-09-17
- Finance storm sweeps on after AIG's $85bln rescue 2008-09-17
- AIG rescue calms markets, HBOS and Lloyds in talks 2008-09-17
- McCain offers new ad in response to crisis 2008-09-17
- AIG rescue calms markets, HBOS and Lloyds in talks 2008-09-17
- Morgan Stanley, Goldman shars sink as fear spreads 2008-09-17
- Asian markets mixed after US bails out insurer AIG 2008-09-17
- Government bails out AIG with $85 billion loan 2008-09-16
- Fed confirms 85 bln rescue loan for AIG 2008-09-16
- The Unraveling of AIG 2008-09-16
- Financier Soros warns crisis will only get worse 2008-09-16
- Global markets turbulent, but Wall Street rebounds 2008-09-16
- Fed holds rates steady, spurning calls for cuts 2008-09-16
- Bush suddenly scraps comments on financial markets 2008-09-16
- Central banks strain to contain market crisis 2008-09-16
- Views beginning to change on possible rate cuts 2008-09-16
- Fed pumps $70B into nation's financial system 2008-09-16
- Stocks extend slide on worries about health of AIG 2008-09-16
- The Candidates Play the Market Meltdown 2008-09-16
- Meltdown in US finance system pummels stock market 2008-09-15
- Stocks tumble amid new Wall Street landscape 2008-09-15
- Fear, doubt across U.S. amid Wall Street storm 2008-09-15
- World markets tumble on Lehman news 2008-09-15
- AIG struggles to survive financial tsunami 2008-09-15
- NY governor sees Wall St losing up to 30,000 jobs 2008-09-15
- Obama, McCain blame economic woes on greed, policy 2008-09-15
Matches Shown: | 1-50 | 51-100
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