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Bank of America takes $4 billion litigation hit

...22 cents a share.Bank of America also said that it had reached a $650 million settlement Tuesday with American International Group Inc. to resolve all outstanding residential mortgage-backed securities litigation between the two companies...

http://chronicle.augusta.com/news/business/2014-07-16/bank-america-takes-4-billi
AIG won't join a shareholder lawsuit against the US government

...federal government over the $182 billion bailout that saved the giant insurance company from collapse.American International Group Inc. was put in the awkward position of having to consider joining a lawsuit brought against Uncle Sam by its...

http://chronicle.augusta.com/news/business/2013-01-09/aig-wont-join-shareholder-
AIG sells off assets, taking $2.4 billion loss

NEW YORK --- American International Group Inc., one of the largest recipients of government aid during the financial crisis, reported a $2.4 billion loss because of restructuring...

http://chronicle.augusta.com/news/business/2010-11-05/aig-sells-assets-taking-24
Business
AIG bailout could bring U.S. taxpayers $40 billion

...insurer AIG, by selling stock over the next two years. The plan could net taxpayers billions in profits.American International Group Inc. paid its $21 billion outstanding balance to the New York branch of the Federal Reserve on Friday and converted...

http://chronicle.augusta.com/news/business/2011-01-14/aig-bailout-could-bring-us
Business
US executives at bailed-out firms have pay cut

...ordered to take pay cuts by the federal government.The Treasury Department says nearly 70 executives at American International Group Inc., Ally Financial Inc. and General Motors Co. had their annual compensation reduced by 10 percent. The...

http://chronicle.augusta.com/news/2012-04-06/us-executives-bailed-out-firms-have
Biz bits

...reacted angrily Friday to e-mails sent in late 2008 and early 2009 between lawyers for the New York Fed and American International Group Inc. The exchanges show the Fed wanted AIG to withhold information about deals that sent billions from the AIG's...

http://chronicle.augusta.com/stories/2010/01/09/bus_562489.shtml
Business
Unspect bailout cash to renew spending fight

...administration acknowledged two key bailout programs lost a total of $61 billion. The bailout of insurance giant American International Group Inc. and the lifeline thrown to struggling automakers each cost more than $30 billion, according to Treasury...

http://chronicle.augusta.com/stories/2009/12/10/bus_558920.shtml
Business
Biz briefs

...30-year fixed rate mortgage averaged 5.97 percent. AIG agrees to settle with former chairman NEW YORK --- American International Group Inc. has agreed to settle all legal disputes with its former chairman Maurice "Hank" Greenberg, the company...

http://chronicle.augusta.com/stories/2009/11/26/bus_557129.shtml
Business
Fed chairman's star is no longer flaming out

...reappointment. The use of a $700 billion taxpayer-financed fund to bail out big institutions, such as insurer American International Group Inc., angered many Americans. Critics fear that financial firms deemed too big to fail now have no incentive...

http://chronicle.augusta.com/stories/2009/08/23/bus_545431.shtml
Business
Goldman Sachs reaps rewards of risks

...billion in the bank in September. Goldman also benefited from the government's bailout money to insurer American International Group Inc., which paid Goldman $12.9 billion during the first quarter. AIG was forced by contracts it had signed...

http://chronicle.augusta.com/stories/2009/07/15/bus_540918.shtml
Business