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The article discusses profits earned by the U.S. Federal Reserve Bank of New York from sales of assets it acquired in the 2008 bailout of the insurance company American International Group Inc. (AIG). Topics include the reserve bank's sales of complex mortgage securities known as collateralized debt obligations; efforts by the U.S. government to stabilize the financial system as of 2012; and purchases of AIG bonds for their high-yielding assets.

The article reports that insurance company American International Group Inc. (AIG) plans to repurchase from the U.S. Treasury Department a significant proportion of the stock it holds in AIG. Treasury owned 61% of the company as of August 2, 2012, but could see its stake reduced to below 30% by early November of that year. AIG has not yet finalized plans for the buybacks.

The article reports that insurance company American International Group Inc. (AIG) is planning investments in U.S. apartment buildings of up to hundreds of millions of dollars each year. AIG has been selling down a real-estate portfolio once worth billions of dollars to help pay back bailout monies received from the U.S. government.

The article discusses interest among several large banks including Barclays PLC and Credit Suisse Group AG in buying some of the $47 billion (face value) in collateralized debt obligations the Federal Reserve Bank of New York acquired in connection with the U.S. government’s bailout of insurer American International Group Inc. It is noted that banks could face adverse publicity from buying the securities, which figured prominently in the global financial crisis of 2008-2009.

The article reports that insurance corporation American International Group Inc. (AIG) has begun selling six billion dollars' worth of stock shares in the Asian life insurance company AIA Group Ltd. on March 5, 2012. The sale is part of AIG's efforts to repay a 182.3 billion dollar bailout package received from the U.S. government in 2008. The 1.7 billion shares being sold are noted as representing approximately 14 percent of the AIA company.

The article reports that the Federal Reserve Bank of New York has invited the securities industry operations of five large banking industry firms including Barclays PLC, Morgan Stanley and Goldman Sachs Group Inc. to bid on so-called subprime mortgage bonds with roughly $6 billion in unpaid principal. The bonds were acquired by the bank as part of the 2008 bailout of insurance company American International Group Inc.

The article report that the Swiss banking industry firm Credit Suisse Group AG made a large purchase of mortgage bonds from the U.S. Federal Reserve Bank of New York. The bonds were troubled assets obtained by the bank as part of the 2008 bailout of the insurance company American International Group Inc. It is estimated by the publication that the sale was for approximately $3 billion.

The article reports that the investment bank Goldman Sachs Group Inc. has approached the Federal Reserve Bank of New York with an offer to purchase a package of mortgage bonds worth billions of dollars. The bonds were acquired by the Federal Reserve System in its 2008 bailout of the bankrupt insurance company American International Group. A resulting decline in price of such subprime mortgage bonds during securities trading is discussed.

The article reports that chief executive officer (CEO) Robert Benmosche of insurance company American International Group Inc. (AIG) has informed AIG's board that he would like to remain CEO beyond his previously-stated retirement date in 2012. Benmosche, who was diagnosed with cancer in 2010, said he wants to stay on for an additional year if his health allows.

The article reports that insurance company American International Group Inc. (AIG) has returned to the securities-lending business, an arena that generated $20 billion in losses for AIG amid the global financial crisis of 2008-2009. During the third quarter of 2011 AIG's property-and-casualty-insurance unit, Chartis, loaned out $1.2 billion in municipal bonds to banks and other parties.

The article reports that the U.S. Treasury Department is likely to wait for better market conditions before it attempts to sell more of its 77% stake in insurance company American International Group Inc. (AIG). Treasury acquired its AIG shares as a result of having supplied $182 billion in aid to the firm during the global financial crisis of 2008-2009.

The article discusses a strain in the relations between banking company Bank of America Corp. (BOA) and insurer American International Group Inc. (AIG). BOA declined to renew a line of credit it had extended to AIG, reportedly because AIG is suing BOA to recover money lost from mortgage bonds sold by companies BOA later acquired.

The article presents information on Peter Hancock, the chief executive of the insurance division of American International Group Inc. (AIG). Hancock does not have an insurance background, but he is known for his financial risk management skills. AIG's multi-billion dollar bailout by the U.S. government is also discussed.

The article discusses the dissatisfaction of insurance company American International Group's (AIG'S) chief executive Robert Benmosche with critical research reports from investment banks that helped underwrite AIG's May, 2011 stock offering. Benmosche says he will use several new underwriters for a forthcoming stock offering, and that stock research will be one of the criteria used in selecting investment banks.

The article reports that insurance company American International Group Inc. (AIG) is considering holding an initial public offering (IPO) for a portion of its aircraft-leasing business, International Lease Finance Corp. Investments bankers have told AIG that an IPO could raise as much as $2 billion, which the company would use to partially repay bailout funds received from the U.S. government.

The article reports that for its next stock offering, insurance company American International Group Inc. (AIG) will replace at least one of the banking companies it used to help it sell shares in May, 2011. AIG chief executive Robert Benmosche indicated he didn't think the banks did a good enough job generating demand for that sale, which was led by Bank of America Corp., J. P. Morgan Chase & Co., Goldman Sachs Group Inc., and Deutsche Bank AG.

The article discusses falling prices for mortgage-backed securities. Some attribute the decline to efforts by the Federal Reserve Bank of New York to sell billions of dollars of securities it acquired during the bailout of insurer American International Group Inc. In addition, concerns about a debt crisis in Europe and the U.S. housing market have served to diminish investor demand for the securities.

The article reports that the insurance company American International Group Inc. (AIG) and the U.S. Treasury sold $8.7 billion in AIG stock in a stock offering. The sale made a small profit for the Treasury and reduced the U.S. share of ownership in AIG, which it acquired as part of its efforts to mitigate the global financial crisis, from 92 to 77 percent.

The article reports that despite market weakness, the U.S. Treasury Department and insurer American International Group (AIG) plan to proceed with a stock offering of $9 billion in AIG shares. Expectations are for the share price to fall between $29 and $30. The Treasury needs a price of at least $28.70 per share to avoid losing money on its 92.1% stake in AIG.

The article discusses a plan by insurance company American International Group Inc. (AIG) and the U.S. Treasury Department to sell 300 million shares of AIG. Two-hundred million of those shares will come from the 92.1% stake in AIG held by the Treasury, which will reportedly pull out of the sale if it cannot be transacted on a profitable basis.

The article reports that hedge fund manager Bruce Berkowitz of the Fairholme Fund expects that the U.S. Treasury Department will sell its shares of insurer American International Group (AIG) for between $27 and $29 per share, a price less than what Berkowitz paid to accumulate most of his fund's $1.2 billion position in AIG.

The article reports that expectations have dimmed for a profitable sale by the U.S. government of shares it holds in insurer American International Group (AIG) Inc. AIG's share price has fallen significantly since mid-January 2011, and some investors have indicated they expect to receive shares of AIG at a discounted price when the U.S. Treasury Dept. sells at least a portion of its 92.1% stake in AIG in May, 2011.

The article reports that insurance company American International Group Inc. (AIG) disclosed several financial objectives in advance of its May 2011 stock offering. AIG said it hopes to increase its annual pre-tax operating income by up to $5 billion within five years, and to raise its return on equity to 10%.

The article reports that the U.S. Federal Reserve will auction off subprime mortgage bonds it acquired from insurer American International Group Inc. (AIG) in 2008. In March of 2011 AIG had offered to buy the bonds for $15.7 billion. AIG chief executive Robert Benmosche said the Fed's decision will put his company in jeopardy.

The article reports that the U.S. Federal Reserve is consulting with money-management firm BlackRock Inc. on a potential auction of subprime-mortgage bonds it acquired from insurer American International Group (AIG) in 2008. Financial-services firms Barclays Capital and Credit Suisse Group AG are said to be interested in bidding. Previously, AIG itself offered $15.7 billion for the securities.

The article discusses insurer American International Group's (AIG's) offer to purchase back from the U.S. Federal Reserve subprime mortgage bonds it sold to the Fed in 2008 as part of a government bailout of AIG. The Fed must balance the interests of AIG with those of taxpayers in deciding whether to sell the bonds to AIG, invite other bids, or postpone action.

The article reports that insurance company American International Group Inc. (AIG) is trying to repurchase from the Federal Reserve Bank of New York mortgage bonds it sold the bank in 2008 as part of a bailout package. The bonds reside in a company called Maiden Lane Ii LLC., for which AIG has offered to pay $15.7 billion.

The article reports that insurance company American International Group Inc. (AIG) will record a $4.1 billion net charge for the fourth quarter of 2010 as a result of higher loss reserves at its property-and-casualty unit Chartis. The reserves, which are associated with policies covering workers' compensation and other business liabilities, will essentially offset Chartis' operating income for all of 2010.

The article reports that Robert Benmosche, chief executive of insurer American International Group, plans to remain at that post for between 12 and 18 more months. Benmosche has been undergoing treatment for cancer and disclosed his intentions after receiving what he termed encouraging news from his doctors.

The article discusses an emphasis on selling insurance at insurer American International Group (AIG). In order for the U.S. Treasury Department to be able to sell its 92.1% stake in AIG, the firm must demonstrate its ability to grow profitably. Special attention is paid to SunAmerica Financial Group, a life-insurance unit of AIG headed by Jay Wintrob.

The article reports that insurer American International Group Inc. (AIG) and the U.S. Treasury Dept. have selected four banks including J. P. Morgan Chase & Co., Goldman Sachs Group Inc., Bank of America Corp., and Deutsche Bank AG to lead a future sale of AIG stock whose value could exceed $20 billion.

The article reports that insurer American International Group (AIG) expects to conclude an agreement with the U.S. government on plans that would result in the U.S. Treasury Dept. converting its preferred shares of AIG into common shares, and then selling them in several offerings. AIG and the government will begin interviewing large banks including Morgan Stanley and Bank of America as they seek to fill the role of lead underwriter.

The article presents an interview with Robert Benmosche, chief executive of insurer AIG (American International Group). Topics discussed include why AIG described a plan to repay its loans from the U.S. government, challenges facing AIG's life-, property-, and casualty-insurance businesses, and executive-succession plans at the firm.

The article reports that Robert Benmosche, chief executive of insurer American International Group (AIG), has been diagnosed with cancer and is undergoing chemotherapy. Benmosche says he feels good and will continue at his job, although it will be a couple months before he has a better understanding of his long-term prognosis.

The article reports that insurer American International Group (AIG) could realize up to $20.6 billion from an initial public offering for its Asian life-insurance business AIA Group Ltd. Earlier in 2010 a deal to sell AIA to insurer Prudential PLC fell through. AIG will use at least part of the proceeds to pay down its $120 billion debt to the U.S. government.

The article discusses the arrangement by which the U.S. Treasury hopes to recoup its investment in insurer American International Group (AIG), which owes the government some $120 billion in bailout funds. The Treasury will convert preferred shares it holds in AIG to common shares, which it will then sell over an indeterminate period.

The article reports that insurer American International Group Inc. (AIG) and the U.S. government are finalizing a plan under which the government would divest itself of its ownership interest in AIG. The U.S. Treasury will first convert the preferred shares it holds in AIG into common shares, then gradually sell them all. AIG owes the government some $120 billion in bailout funds.

The article reports that the U.S. Treasury Department and insurer American International Group Inc. (AIG) are discussing expedited plans for the firm to repay its government loans. Arrangements call for the Treasury to convert preferred stock it holds in AIG to common shares, and then sell the latter over a several-year period that could begin as early as 2011.

The article reports that insurer American International Group (AIG) might seek to raise cash by selling bonds before the end of 2010. AIG has previously stated that proceeds from securities sales would go towards paying down loans from the Federal Reserve Bank of New York. A successful bond sale would indicate AIG once again has access to capital markets.

The article reports that insurer American International Group (AIG) will sell 80% of its consumer-lending unit American General Finance to hedge-fund and buyout firm Fortress Investment Group LLC for less than $200 million. AIG had valued American General at $2.4 billion, and will record a $1.9 billion loss on the sale.

The article examines the relationship between the investment bank Goldman Sachs Group Inc. and the insurance company American International Group (AIG) during the global financial crisis of 2008-2009. Goldman Sachs has submitted documents to a U.S. independent commission investigating the crisis detailing how it established prices for mortgage-backed securities it insured with AIG, a transaction which brought the latter firm to the brink of collapse.

The article discusses challenges faced by Robert S. Miller, board chairman of insurer AIG (American International Group Inc.) Miller must oversee a complicated effort to repay more than $100 billion in U.S. government assistance that AIG has received. He must also establish a good working relationship with AIG chief executive Robert Benmosche, whose contentious relations with former board chairman Harvey Golub led to the latter's departure.

The article discusses events leading up to the resignation of Harvey Golub as board chairman of insurer American International Group Inc. Golub had clashed with chief executive Robert Benmosche on several issues including the abortive sale of the firm's life-insurance operation AIA Group Ltd. to insurance company Prudential PLC.

The article reports that Harvey Golub has resigned from his position as board chairman at insurer American International Group (AIG). Golub's tenure at AIG was marked by contentious relations with chief executive Robert Benmosche. Robert S. Miller, a former chief executive of automobile-supply firm Delphi Corp., was appointed to replace Golub.

The article reports that executives from investment bank Goldman Sachs Group Inc. appearing before the U.S. Financial Crisis Inquiry Commission defended their firm's demands for collateral from insurer American International Group Inc. amid a financial crisis. Goldman managing director David Lehman said reductions in estimated values for mortgage securities that triggered the collateral calls were justified by market information. Goldman chief financial officer David Viniar spoke similarly.

The article reports that chief executive Robert Benmosche and board chairman Harvey Golub of insurer American International Group (AIG) will seek to cooperate with one another after friction between the two emerged amid AIG's failed attempt to sell its insurance unit AIA Group Ltd. to insurer Prudential PLC. Both men now agree AIG should launch an initial public offering for AIA.

The article discusses the testimony of former American International Group (AIG) executive Joseph Cassano before the U.S. Financial Crisis Inquiry Commission. Cassano, who was in charge of the unit at AIG that sold credit-default swaps on mortgage-backed securities, denied that he failed to properly assess risks on those securities, whose price declines figured prominently in a global financial crisis.

The article reports insurer American International Group (AIG) has modified compensation procedures for some of its highest-paid employees. Seeking to protect these people from the effect on stock-based pay of the firm's erratic share price, AIG has implemented a plan that compensates employees with "long-term performance units" whose value depends mostly on prices for AIG's junior debt, which have been more stable than the stock price.

The article discusses efforts by American International Group (AIG) to reduce its exposure to credit-default swaps and other derivatives. Between September, 2008 and April, 2010, AIG reduced its outstanding derivatives contract from about 44,000 to 14,400. Among those retired were swaps it had with Goldman Sachs Group inc.