3 articles found within the last year.
Displaying results 1 - 3
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AIG sells asset management arm
Struggling insurer American International Group has reached an ... The buyer is Bridge Partners, a company owned ... AIG is struggling to repay billions in US ... The price commanded by the unit, while well ... In the deal, Bridge Partners will pay $300m ... The transaction, after a long auction process, "provides...
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Banks use life insurance to fund bonuses
Banks are using a little-known tactic to help ... Banks took out much of this life insurance ... Bank of America has the most life insurance ... The insurance policies essentially are informal pension funds ... Though not improper, the practice is similar to ... Efforts to rein in the practice largely have...
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The AIG Controversy: Falling Credit Rating Costs AIG --- Forced to Post Extra Collateral
LONDON -- American International Group Inc. has been ... The requirement to pay collateral was triggered by ... AIG posted cash collateral of about GBP 224 ... The collateral was put up in November and ... A spokesman for AIG had no immediate response ... There is no suggestion that either tenant is...
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