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AIG's fourth federal bailout.(Inside Track)(American Insurance Group Inc.)(Brief article)
For the fourth time in six months, the federal government is giving billions of taxpayer dollars to AIG, following the latter's announcement on March 2 of a $61.7 billion fourth-quarter loss--this despite the massive bailout shoveled AIG's way by the Bush administration last September. By the terms of this latest lifeline ("life support" would be a more apt metaphor, since the patient has been clinically dead for many months), the federal government is extending an additional $30 billion in loans to the former insurance giant and allowing more lax repayment terms on an additional $38 billion credit line from the Federal Reserve.
Days later, official Washington ended up in a tizzy over new revelations, courtesy of the Wall Street Journal and dutifully amplified by other news outlets, that as much as $50 ...
- Union State Bank Completes Acquisition of Yonkers, New York, Branch of Fourth...
- Press release article from: PR Newswire November 1, 2002 700+ words
...Company"), announced that on October 31, 2002, it completed the acquisition of the Yonkers, New York, branch of Fourth Federal Savings Bank located at 2500 Central Avenue. The branch acquired has approximately $15.3 million in deposits assumed...
- Union State expands presence in New York.(Union State Bank to acquire Fourth...
- Magazine article from: Fairfield County Business Journal June 24, 2002 700+ words
...market, Union State Bank (USB) last week said that it had signed a definitive agreement to acquire the Yonkers branch of Fourth Federal Savings Bank of White Plains. Terms of the deal were not disclosed. The branch has about $18.6 million in deposits...
- AIG Announces Senior Management Appointments
- Press release article from: PR Newswire May 21, 1997 700+ words
...American International Group, Inc. (NYSE: AIG) Chairman and Chief Executive Officer M.R. Greenberg today announced that the AIG Board of Directors has elected AIG President Thomas R. Tizzio to the new position of...
- AIG Financial Products Corp. Launches Family of Fully Investable Emerging...
- Press release article from: Business Wire March 5, 2007 700+ words
WILTON, Conn. -- AIG Financial Products Corp. (AIG-FP), a member company of American International Group, Inc. (AIG) and the parent company of Banque AIG, today announced the launch of the AIG Emerging Markets Foreign Exchange Index...
- AIG Financial Products Corp. Releases Innovative Academic Research on...
- Press release article from: Business Wire July 11, 2007 700+ words
...Risk Premium WILTON, Conn. -- New academic research sponsored by AIG Financial Products Corp. (AIG-FP), a member company of the American International Group, Inc. (AIG), and conducted by Professor Gary Gorton of the Wharton School of...
- AIG eBusiness Risk Solutions Expands Coverage against Cyber Security Threats.
- Press release article from: Business Wire May 6, 2003 700+ words
...CyberTerrorism, Forensic Expenses, and Identity Theft AIG eBusiness Risk Solutions (AIG eBRS), a unit of the property and casualty subsidiaries of American International Group, Inc. (AIG) has enhanced its AIG NetAdvantage(R) Suite of...
- AIG admits 'improper' accounting: analysts divided on whether troubling...
- Magazine article from: National Underwriter Life & Health Ha, Michael Hays, Daniel April 4, 2005 700+ words
...insurer's review process is by no means over. AIG postponed its 2004 10-K filing with the Securities...other accounting problems. "The investigations and AIG's review are continuing, and AIG cannot presently determine whether additional matters...
- AIG Aviation, Inc. Expands Insurance Offerings to Meet New European Union...
- Press release article from: Business Wire April 18, 2005 700+ words
NEW YORK -- AIG Aviation, Inc., a member company of American International Group, Inc. (AIG), today announced the launch of Excess Aviation...coverage. The new product, an extension of AIG Aviation's insurance portfolio, is designed...