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American International Group News

News on American International Group (Ticker: AIG) continually updated from thousands of sources around the net.

2 hrs ago | Bloomberg

Prudential Names Manduca Chairman to Succeed McGrath After Failed AIA Bid

Prudential Plc , the U.K.'s biggest insurer by market value, named Paul Manduca as chairman to replace Harvey McGrath, who oversaw the company's failed $35.5 billion bid for AIA Group Ltd.

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Related Topix: Insurance, Prudential, Banking, Financial Services, Deutsche Bank AG

6 hrs ago | Customer Interaction Solutions

BUYINS.NET: Market Maker Surveillance Report. PFE, GE, WFC, CSCO,...

BUYINS.NET: Market Maker Surveillance Report. PFE, GE, WFC, CSCO, AIG, MSFT, Bearishly Biased Price Friction For Friday, May 25th 2012 BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Friday.

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Related Topix: Pfizer, Biotech, Medicine, Healthcare Industry, Wells Fargo , Startups, Banking, Financial Services, Cisco Systems, Insurance, Microsoft, Arthritis, Health

Sun May 27, 2012

Albany Times Union

Not so private emails

New York Attorney General Eliot Spitzer speaks at a sold-out luncheon at the National Press Club in Washington, Monday, Jan.

Comment?

Related Topix: Marsh and Mclennan Companies, Insurance

UPI

Auto Outlook: Drivers wanting better mileage look to foreign cars

To avoid a meltdown in 2006, Ford Motor Co. mortgaged the farm putting up its assets - including its Blue Oval logo, and F-150 pickup and iconic Mustang trademarks - to secure $23.5 billion in credit.

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Related Topix: Automakers, Ford Motor, Insurance, Financial Services, Moodys, us Travel, Travel, Texas

Sat May 26, 2012

The Washington Post

Goldman Board Met Daily in Weeks Before Alleged Gupta Tip

At Raj Rajaratnam's insider-trading trial one year ago, Goldman Sachs Group Inc.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, Cohen Group, Consulting, Investment Banking, Lehman Brothers, Warren Buffett, Construction, Berkshire Hathaway, Insurance

Fri May 25, 2012

The Washington Post

JPMorgan Gave Risk Oversight to Museum Head With Role at AIG

The three directors who oversee risk at JPMorgan Chase & Co. include a museum head who sat on American International Group Inc.'s governance committee in 2008, the grandson of a billionaire and the chief executive officer of a company that makes flight controls and work boots.

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Related Topix: Banking, JP Morgan Chase , Insurance, Stanford University, Corporate Governance, Law, Honeywell International, Aerospace-Defense

News Times

AIG wagers on subprime betting second time different

American International Group Inc. , the insurer that needed a $182.3 billion bailout from the U.S. government in 2008 after failed mortgage investments, is betting this time it's different.

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Related Topix: Insurance, Home, Mortgage, Personal Finance, Financial Markets, Goldman Sachs, Financial Services, Investment Services

The Hartford Courant

Ex-General Re, AIG execs may settle criminal case

Four former executives at Berkshire Hathaway Inc 's General Re Corp and one at American International Group Inc are in talks to settle a long-running criminal case accusing them of engineering a reinsurance transaction that fraudulently boosted AIG's loss reserves.

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Related Topix: Criminal Defense Law, Law, Construction, Berkshire Hathaway, Investment Services, Insurance, Second Circuit Court of Appeals, US News, New York

The Washington Post

Greenberg's Starr to Seek Outside Money for Private-Equity Deals

Maurice "Hank" Greenberg, the 87- year-old former head of American International Group Inc., plans to seek outside investors to help him fund private-equity deals lasting a decade or more.

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Related Topix: Insurance, US Securities and Exchange Commission, Financial Services, US Politics, US News, Mitt Romney, Business News

Thu May 24, 2012

Bloomberg

JPMorgan Directors Gave Risk Oversight to Museum Head Who Sat on AIG Board

James "Jim" Crown, president of Henry Crown and Co., and Paula Hannaway arrive to a state dinner hosted by U.S. President Barack Obama.

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Related Topix: 2012 Presidential Election, US Politics, US News, Barack Obama, Banking, JP Morgan Chase , Insurance, Corporate Governance, Law

The Washington Post

AIG Can't Pursue Some Countrywide Claims in $10 Billion Lawsuit

American International Group Inc. was blocked from pursuing some of its claims against Bank of America Corp.'s Countrywide unit that are part of a lawsuit over $10 billion in losses related to residential mortgage-backed securities.

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Related Topix: Insurance, Home, Mortgage, Personal Finance, Financial Markets, Business News

Wed May 23, 2012

Athens Banner-Herald

Sometimes, bankers are nothing but gamblers

Addiction counselors tell their clients, "We can't help you until you admit you have a problem." It's time for American financial institutions to admit they have a gambling problem.

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Related Topix: Insurance, Financial Markets, Opinion

Information Technology

Fitch Rates AIG's New Sr. Unsecured Notes 'BBB'

Fitch Ratings has assigned a rating of 'BBB' to American International Group, Inc.'s $750 million issuance of 4.875% senior notes due 2022.

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Related Topix: Insurance

OfficialWire

Stock Market News - Stock Market Today Is Lower Following Key Elections In France And Greece

In the U.S. stocks are lower following the results, even though stock markets that were open for trading in Europe generally recovered after being down earlier in their session... ECONOMIC EVENTS: Little economic data of significance was reported in the U.S., though March consumer credit figures are due at 3 pm ET.

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Related Topix: Financial Markets, Nicolas Sarkozy, Insurance

Tue May 22, 2012

Bloomberg

MetLife Seeks Savings, Emerging Markets Boost to Reverse Slump

MetLife Inc. , the largest U.S. life insurer, will seek to increase its emerging markets business, focus on protection rather than capital-intensive products, and seek cost cuts to reverse a stock slump.

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Related Topix: MetLife, Insurance, US News

Tajikistan News.Net

Credit Suisse Wins Latest NY Fed Maiden Lane CDO Auction

NEW YORK Credit Suisse on Tuesday won the latest sale of complex debt securities from the Federal Reserve Bank of New York, according to the New York Fed's website.Credit Suisse bought collateralized debt obligations with a face value of $691 million from the Maiden Lane III portfolio, which included securities taken on during the 2008 bailout of ... (more)

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Related Topix: Credit Suisse Asset Mnagement Income Fund, Financial Services, Banking, Federal Reserve Bank of New York, Bank of New York, Insurance

MarketWatch

First Take: Whale trade: Wall Street's uneasy balance

A losses mount from the so-called "London Whale" trade that left it at least $2 billion to $3 billion in the hole, rivals including Goldman Sachs Group Inc.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, Insurance

Mon May 21, 2012

Bloomberg

MetLife Seen Scaling Back Annuities, U.S. Life as Kandarian Narrows Focus

MetLife Inc. may target annuities and U.S. retail life insurance for cost cuts as Chief Executive Officer Steven Kandarian unveils his plan to improve returns.

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Related Topix: Insurance, MetLife

Fox News

Modest Start For Corporate Bond Issuance; Sentiment Improves

New issuance remained tepid, but two high-grade companies saw fit to borrow a combined $1.25 billion.

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Related Topix: Financial Markets, Insurance, Energizer HLDGS, Electronics, Business News

Bloomberg

AIG Embraces - Liquidity Risk,' Chartis CEO Hancock Says

American International Group Inc. has sold non-U.S. life insurers, a consumer lender and other businesses to pay back its rescue, which swelled to $182.3 billion as the U.S. extended more credit and lowered the interest charged.

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Related Topix: Insurance, Home, Mortgage, Personal Finance, US News

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