AIG’s Board Snubbed CEO Benmosche’s Request to Use Corporate Jet
September 17, 2009
AIG CEO Robert Benmosche's request to use the company aircraft was rejected.
September 17, 2009
AIG CEO Robert Benmosche's request to use the company aircraft was rejected.
Treasury Document Called AIG Investment ‘Highly Speculative’
August 28, 2009
In a draft of a presentation, the U.S. Treasury said that its $40 billion investment in ailing AIG was "highly speculative," leaving critics asking why the government went through with the bailout.
August 28, 2009
In a draft of a presentation, the U.S. Treasury said that its $40 billion investment in ailing AIG was "highly speculative," leaving critics asking why the government went through with the bailout.
TARP Funds May Apply to Small Banks
August 11, 2009
The Congressional Oversight Panel has released a report recommending that small banks receive funding in order to alleviate the damages wrought by bad balance sheet liabilities.
August 11, 2009
The Congressional Oversight Panel has released a report recommending that small banks receive funding in order to alleviate the damages wrought by bad balance sheet liabilities.
U.S Bailout Panel: Toxic Assets May Need More Treasury Support
August 11, 2009
The Congressional Oversight Panel believes the Treasury should extend capital support to smaller institutions in addition to larger banks.
August 11, 2009
The Congressional Oversight Panel believes the Treasury should extend capital support to smaller institutions in addition to larger banks.
Bailout Panel Calls for More Toxic Assets Support
August 11, 2009
The Congressional Oversight Panel reported that toxic loans and securities continue to pose a threat to the financial system, particularly for smaller banks that face mounting losses on commercial real estate loans.
August 11, 2009
The Congressional Oversight Panel reported that toxic loans and securities continue to pose a threat to the financial system, particularly for smaller banks that face mounting losses on commercial real estate loans.
AIG Plans $249M in Retention Bonuses for 2009
August 7, 2009
AIG, criticized by Congress for handing out retention bonuses after its taxpayer-funded bailout, will award retention bonuses, costing the company $249 million
August 7, 2009
AIG, criticized by Congress for handing out retention bonuses after its taxpayer-funded bailout, will award retention bonuses, costing the company $249 million
Federal Judge Requests More Data on BofA’s SEC Settlement
August 7, 2009
Court asks for details on how the penalty was arrived at and how the settlement will be paid.
August 7, 2009
Court asks for details on how the penalty was arrived at and how the settlement will be paid.
General Motors IPO Likely for 2010, But Chrysler Will Wait Longer
August 6, 2009
Public offerings in the automakers will allow the government to sell its shares in the companies to investors
August 6, 2009
Public offerings in the automakers will allow the government to sell its shares in the companies to investors
U.S. Vows to be Passive GM, Chrysler Investor
July 28, 2009
The U.S. Treasury will not seek to influence management decisions at General Motors Co and Chrysler LLC after providing the automakers with some $70 billion in financing to restructure in bankruptcy, a White House adviser said yesterday.
July 28, 2009
The U.S. Treasury will not seek to influence management decisions at General Motors Co and Chrysler LLC after providing the automakers with some $70 billion in financing to restructure in bankruptcy, a White House adviser said yesterday.
Goldman Employees to Reap Hefty Bonuses
July 15, 2009
The hefty bonus earmarks come after a strong first two quarters.
July 15, 2009
The hefty bonus earmarks come after a strong first two quarters.
AIG Asks Feinberg for Permission On Bonuses
July 10, 2009
AIG hopes to reach an agreement that would make bonuses palatable to a skeptical public.
July 10, 2009
AIG hopes to reach an agreement that would make bonuses palatable to a skeptical public.
AIG Begins Asset Liquidation
July 2, 2009
Insurance behemoth AIG announced yesterday its completion of its sale of its United States automotive insurance unit in an effort to unload its assets.
July 2, 2009
Insurance behemoth AIG announced yesterday its completion of its sale of its United States automotive insurance unit in an effort to unload its assets.
Looking Ahead at AIG
June 26, 2009
Six government-picked directors will be added to American International Group’s board at the firm’s annual meeting Tuesday, where the government will be the majority shareholder.
June 26, 2009
Six government-picked directors will be added to American International Group’s board at the firm’s annual meeting Tuesday, where the government will be the majority shareholder.
Treasury’s Goal: Balanced Executive Pay
June 25, 2009 by Joseph McCafferty
The Treasury Department released a statement emphasizing the department and the Obama administration’s dedication to maintaining a balanced system of executive compensation at banks receiving taxpayer bailout funds.
June 25, 2009 by Joseph McCafferty
The Treasury Department released a statement emphasizing the department and the Obama administration’s dedication to maintaining a balanced system of executive compensation at banks receiving taxpayer bailout funds.
AIG Looks to Spin Off Two Units
June 25, 2009 by Joseph McCafferty
AIG announced today that it will reduce its federal debt by $25 billion through the offering of preferred stakes in two units it plans on spinning off.
June 25, 2009 by Joseph McCafferty
AIG announced today that it will reduce its federal debt by $25 billion through the offering of preferred stakes in two units it plans on spinning off.
Citi Looks to Widespread Pay Kick
June 24, 2009
Citigroup announced yesterday its intentions to boost the base salaries of its employees at the expense of bonuses and other special payouts.
June 24, 2009
Citigroup announced yesterday its intentions to boost the base salaries of its employees at the expense of bonuses and other special payouts.
Goldman to Pay Out Record Bonuses
June 22, 2009 by Joseph McCafferty
A successful first half of the year at Goldman Sachs suggests that the bank holding company could pay out record bonuses at year-end.
June 22, 2009 by Joseph McCafferty
A successful first half of the year at Goldman Sachs suggests that the bank holding company could pay out record bonuses at year-end.
Former RBS CEO Agrees to Smaller Pension
June 18, 2009 by Joseph McCafferty
The former CEO of the bailed-out Royal Bank of Scotland Group, Sir Fred Goodwin, has agreed to forgo about half his pension, which led to public outrage earlier this year.
June 18, 2009 by Joseph McCafferty
The former CEO of the bailed-out Royal Bank of Scotland Group, Sir Fred Goodwin, has agreed to forgo about half his pension, which led to public outrage earlier this year.
Ford Chairman Touts Independence
June 16, 2009 by Joseph McCafferty
Ford’s chairman claimed yesterday that the automaker is in an advantageous position thanks to its refusal of federal bailout funds.
June 16, 2009 by Joseph McCafferty
Ford’s chairman claimed yesterday that the automaker is in an advantageous position thanks to its refusal of federal bailout funds.
Regulator Op-Ed Outlines Plans for Future
June 15, 2009 by Joseph McCafferty
Days before the scheduled release of the Obama administration’s new financial regulatory framework, two top regulatory officials have published an op-ed in the Washington Post that offers a preview of things to come.
June 15, 2009 by Joseph McCafferty
Days before the scheduled release of the Obama administration’s new financial regulatory framework, two top regulatory officials have published an op-ed in the Washington Post that offers a preview of things to come.