NEW YORK (Reuters) - The New York Federal Reserve Bank's president would become a political appointee and bank chiefs like JPMorgan Chase's Jamie Dimon could no longer sit on the board of their regulator under a proposal unveiled by the head of ...
NEW YORK (Reuters) - The U.S. Federal Reserve is taking an additional measure to lay the groundwork to drain excess bank reserves, as it seeks to remove some of the $1 trillion in cash it injected during the global credit crisis. The ...
AIG to receive $231M termination fee if sale of Asian life insurance unit to Prudential fails American International Group Inc. will receive a termination fee of $230.6 million if the sale of its Asian life insurance business to Britain's Prudential PLC falls ...
With sale of Asia-based life insurer, AIG moves $35.5B closer to repaying its $130B bailout American International Group Inc. is selling a cornerstone of its business, Asia-based life insurer AIA Group, in a government-approved $35.5 billion deal. The sale to British insurer ...
<div><p>Bailed-out US insurance giant AIG said Tuesday it had given an equity stake in two subsidiaries to the Federal Reserve in a move to cut its debt to the central bank by 25 billion dollars.</p><p>American International Group said it had transferred ownership ...
<div><p>Bailed-out US insurance giant AIG said Tuesday it had given an equity stake in two subsidiaries to the Federal Reserve in a move to cut its debt to the central bank by 25 billion dollars.</p><p>American International Group said it had transferred ownership ...
<div><p>WASHINGTON (Reuters) - The Obama administration can shift "substantial" resources from bank bailouts to job creation and will soon spell out the case for doing so, Treasury Secretary Timothy Geithner said on Friday.</p><p>Interviewed on Bloomberg television's "Political Capital with Al Hunt," Geithner ...
<div><h1>DOWN AND UP AT AIG </h1><p>There's no rest for the weary at American International Group. On Nov. 30 a report by research firm Sanford C. Bernstein spotlighted a shortfall of $11.9 billion in reserves at AIG's property and casualty operations. That knocked ...
<div><p>NEW YORK (Reuters) - Concerns over the surge in excess reserves in the U.S. banking system and its potential to fire up inflation are "largely unwarranted," according to two New York Federal Reserve economists.</p><p>The jump in excess reserves, or the amount of ...
<div><h1>TIM GEITHNER IS STARTING TO SEE DAYLIGHT </h1><p>While the Troubled Asset Relief Program is winding down, it will still be used to aid small banks. On Dec. 9, Treasury Secretary Tim Geithner exercised his option to extend the TARP bailout program until ...
