Struggle At AIG

  • Court Battle Begins: AIG vs. Greenberg Monday, 15 Jun 2009 | 8:24 AM ET
    Maurice "Hank" Greenberg
  • Limitations on AIG Are 'Unreasonably Harsh': Greenberg Wednesday, 9 Sep 2009 | 6:06 PM ET

    The government's strict limitations on AIG are preventing the company from paying back taxpayer money, Hank Greenberg, a former CEO of AIG, said Wednesday.

  • One Year Later, Where Are the Perp Walks? Tuesday, 15 Sep 2009 | 6:25 PM ET

    One year after the collapse of Lehman, the bailout of AIG, and the near-implosion of the U.S. financial system, not a single Wall Street CEO has been called to account by criminal authorities. Some are starting to ask why.

  • Wall Street

    Tougher financial rules have been stymied by industry lobbying, government turf battles and a stabilizing banking system. Some analysts fear another crisis is inevitable.

  • AIG Executive Salary Cap to Remain in Place: Source Monday, 7 Dec 2009 | 7:15 PM ET
    Aig Headquarters

    Reports that "pay czar" Ken Feinberg will lift a $500,000 salary cap imposed on some AIG executives is "absolutely false," according to a source close to the government.

  • AIG Investigator: Where the Billions Went Tuesday, 26 Jan 2010 | 8:06 AM ET
    Neil Barofsky

    A leading investigator will answer questions before a Congressional panel on how the government handled the bailout of A.I.G. Wednesday and will cite contradictions in the Treasury’s public statements about the bailout, according to The New York Times.

  • Goldman Sachs' Credibility in Question: FCIC Chairman Thursday, 1 Jul 2010 | 5:11 PM ET

    Goldman Sachs' testimony before the Financial Crisis Inquiry Commission Thursday spurred skepticism and frustration among commission members when the investment bank claimed it does not break out revenue and profits from derivatives exposure, Phil Angelides, chairman of the commission, told CNBC Thursday after the hearing.

  • Post Strategy: Intensity of Competition Tuesday, 25 Jan 2011 | 5:06 PM ET

    "The intensity of the competition is still as fierce as its every been, there's more of an oligopoly [when a market or industry is dominated by a small number of sellers] that's formed, there's more of a critical mass that's in the business," Cummings said.

  • Did Raj Rajaratnam Cross the Line to Get an Edge? Thursday, 17 Mar 2011 | 4:23 PM ET
    Raj Rajaratnam

    After one week of testimony in the insider trading trial of Galleon Group co-founder Raj Rajaratnam, one thing is clearer than ever: In the brutally competitive world of hedge funds, information is everything. A jury will ultimately decide whether the information Rajaratnam got—and made millions trading with—was illegal inside information. But there is no disputing that he went to great lengths to get it.

  • Earnings Fall Again Amid Mounting Losses On Derivatives Wednesday, 6 Aug 2008 | 6:56 PM ET

    American International Group reported a quarterly loss of 51 cents a share, falling far short of analysts' estimates, which had projected a profit for the company.

  • AIG 'Not Out of the Woods Yet': Goldman Analyst Monday, 11 Aug 2008 | 3:28 PM ET

    American International Group, the world's largest insurer, may have to raise more capital to bolster its balance sheet if its credit ratings are cut again, Goldman Sachs analyst Tom Cholnoky said in a note to clients.

  • AIG_logo_new.jpg

    American International Group, which is seeking up to $40 billion in bridge financing from the Federal Reserve, is no longer in talks to receive help from billionaire investor Warren Buffett, CNBC has learned.

  • Government Comes To Rescue With Bailout Deal Wednesday, 17 Sep 2008 | 3:58 AM ET

    Former Allstate CEO Edward Liddy will be the new CEO of AIG, which was rescued by an $85 billion loan from the Fed, in exchange for an 79.9% stake in itself.

  • 1119896 Saturday, 30 Jun 2012 | 1:07 AM ET