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American International Group Inc

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  • Bernanke comes alive at AIG bailout trial Friday, 10 Oct 2014 | 5:22 PM ET
    Former Chairman of the Federal Reserve Ben Bernanke.

    He may have been a reluctant witness, but former Fed Chairman Ben Bernanke delivered powerful testimony during the day of the AIG trial.

  • Bernanke defends AIG bailout in court Thursday, 9 Oct 2014 | 6:59 PM ET
    Former Chairman of the Federal Reserve Ben Bernanke.

    In court, former Fed Chair Ben Bernanke defended the government's bailout package for AIG, including an equity stake taken by the government.

  • After-hours buzz: AMZN, SYMC & more Thursday, 9 Oct 2014 | 5:02 PM ET
    Traders work the floor of the New York Stock Exchange.

    Take a look at some of Thursday's after hours buzz: AMZN, SYMC & more.

  • WASHINGTON, Oct 9- Former Federal Reserve Chairman Ben Bernanke took the stand on Thursday to defend the U.S. government's bailout of American International Group in 2008, in a fourth day of testimony by former top government officials looking to convince a federal judge that the rescue of the insurance company was legal. Former AIG Chief Executive Hank...

  • WASHINGTON, Oct 8- Former U.S. Treasury Secretary Timothy Geithner defended the 2008 bailout of American International Group Inc for a second day on Wednesday, struggling at times to respond to increasingly contentious questions about the government's efforts to rescue the insurance company as it stood minutes from bankruptcy. The questions came in the...

  • WASHINGTON, Oct 8- Former U.S. Treasury Secretary Timothy Geithner defended the 2008 bailout of American International Group Inc for a second day on Wednesday, struggling at times to respond to increasingly contentious questions about the government's efforts to rescue the insurance company as it stood minutes from bankruptcy. The questions came in the...

  • Banks tear up rule book to cope with future crisis Wednesday, 8 Oct 2014 | 6:18 AM ET

    The world’s biggest banks have agreed to tear up the rule book on derivatives to make it easier to resolve a future failing firm like Lehman Brothers.

  • Treasury Secretary Timothy Geithner on Tuesday defended the government's rescue of American International Group Inc in September 2008, saying it was necessary to prevent the country from plunging into a second Great Depression. Geithner's comments came in testimony in the trial of a lawsuit brought by Hank Greenberg, a major AIG shareholder until the...

  • WASHINGTON, Oct 7- Former U.S. Treasury Secretary Timothy Geithner on Tuesday defended the government's rescue of American International Group Inc in September 2008, saying the action was necessary to prevent the country from plunging into a possible second Great Depression. Geithner's comments came in testimony he provided in the trial of a lawsuit...

  • WASHINGTON, Oct 6- The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have fiercely criticized. Insurer MetLife Inc on Friday said it would fight a plan by the FSOC to designate it as a so-called Systemically Important...

  • Insider buying makes 3 stocks attractive: Pro Friday, 3 Oct 2014 | 3:52 PM ET

    Look at these stocks company insiders are buying, David Miller of Catalyst Mutual Funds says.

  • WASHINGTON, Sept 30- The U.S. Insurers American International Group and Prudential Financial have already received this designation, and regulators are considering applying it to MetLife too.

  • AIG bailout trial may be good therapy! Tuesday, 30 Sep 2014 | 11:56 AM ET

    The AIG bailout trial may help cleanse a lot of lingering resentment, says NYSE floor trader Kenny Polcari.

  • Revisiting the Lehman Bros bailout that never was Tuesday, 30 Sep 2014 | 6:42 AM ET
    Ben Bernanke

    For the first time, Fed officials have offered an account that differs significantly from the versions that, for many, have hardened into history.

  • BUSINESS-NEWS-SCHEDULE AT 1930 GMT / 3:30 p.m. ET Monday, 29 Sep 2014 | 3:30 PM ET

    FRANKFURT/ NEW YORK- Officials from Pimco and its German parent Allianz scramble to contain the fallout from star bond manager Bill Gross' stunning exit last week, and money continues to leave the firm, giving a huge boost to rival bond houses like DoubleLine, which saw record inflows. Canada's Encana to buy Athlon Energy for $5.93 bln.

  • WASHINGTON, Sept 29- One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal.

  • Monday's midday movers: Alibaba, Apple & more Monday, 29 Sep 2014 | 12:26 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Take a look at some of Monday's midday movers:

  • Six years after AIG bailout...was it legal? Monday, 29 Sep 2014 | 8:41 AM ET
    AIG headquarters in New York City.

    Beginning Monday, a federal judge will consider whether the U.S. government's rescue of AIG was, in fact, legal.

  • WASHINGTON, Sept 29- One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc was, in fact, legal.

  • Special Ops grill bitcoin for its terror fight Friday, 26 Sep 2014 | 10:20 AM ET

    The U.S. military hosted a meeting Monday to find out if so-called cryptocurrencies are being used by U.S. adversaries around the world.