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AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut , is considered to have played a pivotal role in the global financial crisis of 2008–2009 .
Peter Foley/Bloomberg via Getty Images Bank executives have spent the years since the financial collapse defending their industry's fat bonuses against criticism. AIG CEO Robert Benmosche just ...
The lobby of AIG's headquarters in the American International Building.. The AIG bonus payments controversy began in March 2009, when it was publicly disclosed that the American International Group (AIG) insurance corporation was going to pay approximately $218 million (~$301 million in 2023) [1] in bonus payments to employees of its financial services division.
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
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American International's (AIG) second-quarter results hurt by reduced alternative investment returns and softer Life and Retirement results, partly offset by a decline in total benefits, losses ...
Yesterday, I wrote about the sale of the federal government's remaining shares of American International Group (NYS: AIG) , which resulted in a net profit of $22.7 billion. In that article, I ...
September 17: The US Federal Reserve lends $85 billion to American International Group (AIG) to avoid bankruptcy. September 18: Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke meet with key legislators to propose a $700 billion emergency bailout through the purchase of toxic assets. Bernanke tells them: "If we don't do this, we ...