All Entries Tagged With: "AIG"
AIG to sell Alico to MetLife
The US largest insurance company MetLife (NYSE:MET) is set to purchase Alico from AIG (NYSE:AIG). This is the second deal in a weak to come from AIG as they try to repay the US Government the $182.3 billion they required for their bail out.
Sen. Chuck Grassley: AIG has taxpayers over a barrel
Sen. Chuck Grassley, a member of the Committee on Finance, has said, “AIG (NYSE:AIG) has taxpayers over a barrel,” and he also believes that the Obama administration has been out maneuvered.
AIG Posts Second Profitable Quarter: Future More Volatile
AIG has reported second profitable quarter in a row the troubled insurer said it continues to benefit from stabilization in the housing and credit markets, however the insurance giants say future quarters will continue to be volatile.
HSBC eyeballs AIG Asian business
HSBC (LON:HSBA) could be set to purchase the Asian businesses of American International Group Inc (AIG) the troubled US insurer. The deal could be worth around $8.7 billion according to analyst James Hutson at Keefe, Bruyette & Woods.
HSBC posted pre-tax profits showing that 16 percent was contributed by the banks insurance business in the [...]
AIG Update: Improved bailout deal from US Treasury
November 10. Just two months after the US government bailed out American International Group Inc (AIG) with £85 billion, the US treasury announced that they will be buying $40 billion of AIG’s preferred shares, there will also be two new emergency loan units opened by the Federal Reserve to finance the company’s securities.
The original loan [...]
Prudential: Sales up 15 percent but shares slip
Prudential shares surged yesterday after the revelation that the firm is planning to bid for AIG’s Asian business for £8.6 billion, possibly backed up by sovereign wealth funds investments. It has now been reported that Prudential have run into profit.
Over the first 9 months 2008 Prudential have reported a 15 percent increase in sales compared [...]
Hope for prudential as stocks soar
In London today at 12.18pm the FTSE 100 gained 84.07 points at 4147.08. However the FTSE 250 was sliding down 11.25 points at 6299.58.
Prudential was doing well on the FTSE 100, and gained 37.25p or 13.8 percent at 307.25p this comes as talks that prudential were setting themselves up to buy the Asian assets of
AIG’s and Lehman Brothers testify why they failed
American International Group Inc the giant insurer who had to be bailed out by the US government last month is being investigated by lawmakers, asking questions as to how it played its role in the chain of events leading to the $700 billion to rescue the financial industry amid the financial crisis that has
AIG set to sell $16 billion in Real Estate to pay back government loan
AIG may be looking for buyers for some of its $16 billion global real estate holdings to pay back the US government loan. The Giant US insurer took an $85 billion loan from the federal government last week to allow the insurer
AIG Bailout: crumbles financial markets further
If the financial markets were not already in turmoil, Wednesday trading battered the share prices even more, sending the European and US share prices plunging following the news
AIG bailout: gets $85 billion from the U.S. government
American International Group Inc accepted a loan of $85 billion from the federal government which now gives the
Update: AIG stock price in turmoil
One of the worlds largest insurers American International Group Inc (AIG) had a very volatile Tuesday as its share prices swung wildly due to speculation of government assistant in a
AIG race for cash as credit ratings slashed
As the crisis continues on Wall Street, American International Group (AIG) the global insurance giant efforts to raise new capital were put in risk after a series of damaging