American International Group News

Even an orchestrated round of rate cuts by the world's central banks was not enough to stem the bleeding on Wall Street .

NEW YORK - Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc.

Bymark is a popular Bay Street watering hole known for its frisky financial district frisson and $37 burgers.

GRAND JUNCTION, Colorado- U.S. Sen. Ken Salazar stands by his vote for the federal government's $700 billion bailout of failing companies.

The White House said on Wednesday it was "despicable" that American International Group Inc.

Concerns about the health of American International Group Inc. were renewed yesterday, a day after the insurance giant said it would receive an additional $37.8 billion loan from the Federal Reserve.

In a bid to fix blame for the meltdown in financial markets, the lead House oversight panel this week launched into the bailout of insurance giant American International Group (AIG) - and the non-bailout of Lehman Brothers investment bank.

Next week, it's the turn of high-flying hedge fund managers, once earning $1 billion a year, plus; then, the rating agencies who assured investors that all was well and the federal regulators who let it all happen.

But conspicuous for their absence - at least before November elections - are former executives of mortgage giants Fannie Mae and Freddie Mac, now in federal conservatorship.

The Federal Reserve's direct loans to commercial banks almost doubled to a record $98.1 billion yesterday from a week before as the credit freeze sent money- market rates soaring.

NEW YORK : American International Group scrapped a seaside conference at a California resort amid a barrage of criticism for spending $440,000 on a similar event days after getting an $85 billion U.S. ...

The chairman of the Securities and Exchange Commission on Wednesday urged the U.S. Congress to act now to provide oversight of the fast growing $55 trillion credit default swap market.

Sen. John Kerry's GOP challenger called on him to sell any stock he has in insurance giant AIG and donate all campaign contributions from officials at the company to taxpayers.

Republican Jeff Beatty said Wednesday the contributions are a conflict of interest for the Massachusetts Democrat, who sits on the Senate's Finance and Commerce committees. Kerry also is chairman of the Small Business Committee.

The American International Group is one of the highest-profile companies caught up in the turmoil on Wall Street. Last month the Federal Reserve provided an $85 billion loan to the company, which was on the brink of bankruptcy. On Wednesday the Fed provided a second loan of up to $37.8 billion.

WASHINGTON - A New York Senator on Wednesday said the U.S. should follow the British government's lead and start buying sizable pieces of banks in a more drastic effort to try to contain the global financial ...

The Federal Reserve has been digging through its back add space a lot lately. In March and on Sept.

The Federal Reserve has agreed to provide insurance giant American International Group with a loan of up to $37.8 billion, on top of one made to the troubled company last month.

An invoice from the week-long getaway, a copy of which you'll find below, was obtained by the congressional panel that has been holding hearings this week about Wall Street collapses and executive excess.

The Dow Jones industrial average dropped by over 5% today, closing at 9,447.11. Another day, another plunge.

Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers investigating the ...

U.S. Lawmakers criticized American International Group on Tuesday for ignoring financial warnings and for lavish spending.

It can be a fine line between investing and gambling. But in Las Vegas, you know the odds.

By TIM PARADIS Associated Press NEW YORK - Stocks fluctuated in quiet trading Tuesday as investors appeared to adopt a wait-and-see approach to the range of options the Federal Reserve has laid out to inject ...