Catégorie - AMERICAN INTERNATIONAL GROUP
Stock of Local Interest: MetLife Inc.
MetLife Inc.'s plan to purchase a unit of American International Group early last week helped push MetLife shares up 3.6 percent last week to a Friday close of $42.11. MetLife agreed March 7 to purchase the American Life Insurance Co., known as Alico, fo
2010-03-14 -
The Scranton Times-Tribune
Metlife Benefits from American International Group's Trouble
By Street Authority. Thanks to the recent credit crisis, much of which was its own doing, the financial services industry has experienced one of the most volatile operating environments in its history. Fortunately, a heavy dose of government stimulus and calmer capital markets have brought the majority of industry leaders from the brink of disaster to much more normal business conditions. Read ...
2010-04-07 -
Guru Focus
US paper round-up: AIG, Goldman Sachs, Mirant
LONDON (SHARECAST) - The derivatives unit of American International Group has unwound most of its soured mortgage trades with Goldman Sachs still left after the insurer was bailed out by the US government in 2008, according to people familiar with the matter, says the Wall Street Journal.
2010-04-12 -
ShareCast
The Takeaway From the Failed A.I.A. Deal
Prudential Plc will be able to escape its deal to buy the American International Group ’s Asia life insurance unit with only a relatively minor financial penalty. But there are other lessons to be learned here.
2010-06-02 -
New York Times
Geithner: AIG has other options to repay bailout
WASHINGTON — Treasury Secretary Timothy Geithner on Wednesday looked past the collapse of an American International Group deal to sell off a subsidiary, saying the insurance giant has other options for paying back its $182 billion government bailout.
2010-06-04 -
Asbury Park Press
Pru Chairman Apologizes for Failed Takeover Bid
The chairman of the insurance giant Prudential Plc apologized on Monday for the costs incurred by the failed takeover of the American International Group ’s Asian business, but he rejected calls for him and the chief executive, Tidjane Thiam, to resign, The New York Times’s Julia Werdigier reports.
2010-06-07 -
New York Times
Fed not candid on AIG, oversight panel says
At the peak of the 2008 financial crisis, then-Treasury Secretary Henry Paulson and top Federal Reserve officials told the nation that there was an urgent need for the government to lend $85 billion to American International Group so the giant insurer's temporary cash squeeze wouldn't trigger global financial chaos.
2010-06-09 -
Pittsburgh Tribune-Review
Panel criticizes U.S. bailout of AIG
A watchdog panel criticized the federal bailout of American International Group and said it is unclear whether taxpayers will ever fully recoup the $182 billion plowed into the firm. American International Group - International - United States - Education - International Schools
2010-06-10 -
MSNBC
AIG rescue had 'poisonous' effect, report says
American International Group's bailout had a "poisonous" effect on the financial system because it demonstrated the government would protect Wall Street firms from their own risk-taking, a congressional panel said Thursday.
2010-06-11 -
Seattle Times
Generali interested in AIA assets
Generali, europe's third-largest insurer, could look at acquiring the Asian assets of American International Group, the Italian insurer's chief executive said yesterday.
2010-06-11 -
Independent
AIG to amend terms of Taiwan asset sale: reports
HONG KONG (MarketWatch) -- American International Group and the Hong Kong-led group which agreed to purchase its Taiwan Nan Shan insurance unit for $2.2 billion have agreed to modify the terms of deal in order to accelerate approval by Taiwanese regulators, according to reports late Friday. The amended deal reportedly will see AIG agree to a four-year delay in receiving $325 million of the ...
2010-06-11 -
Market Watch
(AFX UK Focus) 2010-06-11 12:52 AIG says amends terms of stalled Taiwan unit sale
TAIPEI, June 11 (Reuters) - American International Group and the buyers of its Taiwan Nan Shan insurance unit have modified the terms of the $2.2 billion deal to try and speed up its passage by Taiwan's regulators, AIG said on Friday. AIG said that under the amendment, $325 million of the purchase price will be placed in escrow for four years on completion of the deal, as an additional measure ...
2010-06-11 -
Interactive Investor
Pru's AIA deal hangs in balance
SINGAPORE (May 31, 2010) - Prudential's proposed US$35.5 billion acquisition of American International Group's Asian unit AIA is on tenterhooks after weekend talks to reduce the asking price remains deadlocked. The UK insurer's shareholders forced the companies back to the negotiating table last week - when it became apparent to Prudential that its investors would fail to support a US$21 bn ...
2010-06-16 -
The Corporate Observer
Botched AIA deal burns S$916m in Pru's pocket
SINGAPORE (June 2, 2010) - The death knoll finally sounded for Prudential's floundering takeover bid for American International Group's main Asian unit AIA. The UK insurer announced it was in negotiations with AIG to terminate the agreement - a move which will see Prudential incurring costs of approximately £450 million (S$915.7 million) comprising the break fee of £152.6 million; arrangement ...
2010-06-16 -
The Corporate Observer
SEC to end probe of AIG
NEW YORK - US MARKET regulators have closed an investigation of American International Group and some of its executives over the giant insurer's near collapse in 2008 that led to a US$182 billion (S$253 billion) government bailout, two sources with knowledge of the matter said on Wednesday. The US Securities and Exchange Commission ended its probe focusing on AIG Financial Products head Joseph ...
2010-06-17 -
Straits Times
SEC said to end probe of AIG and executives
NEW YORK (Reuters) - U.S. market regulators have closed an investigation of American International Group and some of its executives over the giant insurer's near collapse in 2008 that led to a $182 billion government bailout, two sources with knowledge of the matter said on Wednesday.
2010-06-16 -
Reuters
US regulator ends probe of AIG and executives
US market regulators have closed an investigation of American International Group and some of its executives over the giant insurer's near collapse in 2008 that led to a $182-billion government bailout, two sources with knowledge of the matter said on Wednesday.
2010-06-17 -
Express India
(AFX UK Focus) 2010-06-25 05:35 AIG CEO, Chairman at odds over failed AIA deal - FT
June 25 (Reuters) - American International Group's failed sale of its Asian life insurance unit AIA has led to increased tensions between Chief Executive Robert Benmosche and Chairman Harvey Golub, the Financial Times said, citing people close to the situation. AIG is weighing its options for its Asian life insurance unit after a $35.5 billion deal to sell the business to Prudential fell apart ...
2010-06-25 -
Interactive Investor
(AFX UK Focus) 2010-06-20 22:01 MetLife shares could rise above $50-Barron's
NEW YORK, June 20 (Reuters) - MetLife Inc shares could rise into the $50 range over the next two years from about $41 now as its profits rise, Barron's said on Sunday. The business newspaper said MetLife's pending acquisition of American International Group's American Life Insurance unit could add as much as 55 cents per share to the company's earnings next year and boost its return on equity ...
2010-06-20 -
Interactive Investor
Crisis panel to examine Goldman, AIG ties
WASHINGTON (Reuters) - Goldman Sachs and bailed out insurer American International Group face a rough two days of questioning about the destructive relationship that contributed to the 2008 financial crisis.
2010-06-29 -
Reuters