The Bad Dinner Date BofA CFO Bruce Thompson Wishes He Skipped

Dan Freed, The Street Bank of America CFO Bruce Thompson faced questions from investors this week over a recent ruling that some believe may persuade a judge to reject an $8.5 billion settlement the bank reached with 22 institutional investors over mortgage backed securities liability. The settlement, reached in 2011, covers $108 billion in mortgage backed securities (MBS). […]

AIG Mulling Lawsuit Alleging Unfair Bailout Terms By U.S. Government

Reuters via Huffington Post American International Group Inc, the insurer rescued by the U.S. government in 2008 with a bailout that ultimately totaled $182 billion, may now join a lawsuit against the government alleging the terms of the deal were unfair. The news prompted a swift reaction from one of AIG’s rescuers, with the Federal […]

AIG Says, “Thank You America For Bailing Us Out”

Neil Irwin, Washington Post The advertising campaign is titled “Thank You America,” the company said in a news release Monday, and it debuts New Year’s Day. It spotlights the insurers’ employees “telling AIG’s story and sharing their pride in the company,” and showing how the company has helped America rebuild after devastation, such as in […]

U.S. selling its remaining stake in AIG

The Treasury Department’s sale of 234 million shares will pad the $15.1-billion profit it has made already from the bailout of the giant New York insurer. Jim Puzzanghera, Los Angeles Times The U.S. Treasury said it is selling the rest of its stake in American International Group Inc., in effect closing the books on one of […]

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