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AIG sues New York Fed over lawsuit rights
American International Group has filed a lawsuit against an investment structure created by the Federal Reserve Bank of New York to help bailout the insurer, in a bid to sue mortgage debt issuers. According to the complaint filed in the New York State Supreme Court in Manhattan, AIG is seeking…
AIG to resume U.S. real-estate investments
WASHINGTON — American International Group (AIG), the giant US insurer bailed out at the height of the 2008 global financial crisis, is looking to get back into the real estate market, the Wall Street Journal reported. The newspaper said late Tuesday that AIG, which has been selling off trophy properties…
AIG recapitalization ends, share sale could reach $18 billion
US Treasury’s cash investment equals $68 billion NEW YORK – The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly. Bankers were buzzing on Friday about how soon that might happen, with at least one saying…
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