AIG
-
The Terrorism Risk Insurance Act provides protection in case of a 9/11-style terror attack – and it expires 31 December. Good riddance, writes David Dayen, who says the bill lines the coffers of big business, big banks and a handful of insurers
-
Governor Mark Carney tells insurance industry their managers ‘should be more clearly held accountable for their actions’
-
Tim Geithner sparred with Jon Stewart about his new memoir and the financial crisis on the Daily Show. There are serious economic issues underlying the jokes
-
Dean Baker: No one has accused city workers in Chicago or Detroit of bringing down the economy, but they could face pension cuts
-
AIG, don't bite the hand that fed you
Elizabeth WarrenElizabeth Warren: If AIG thinks it can sue the American taxpayers who bailed it out, it has another thing coming: I call for an end to AIG's tax breaks
-
Richard Wolff: A Washington state supreme court finding against improper foreclosures is just the latest instance of banks' malfeasance
-
Greg Smith was not the first – nor will he be the last – to pull a Jerry Maguire. Here are some other classic resignation letters
-
Other lives: Businessman devoted to his hometown of Greensboro, North Carolina
-
Austerity at home is the natural reaction to a year in which living standards declined, but it puts the retail sector's much-needed £18bn tax contribution to the exchequer in jeopardy
-
Watchdog says customers were misled by 'bank of the rich' into investing in risky securities
-
The mucky business of media, money and power
Dominic RusheDominic Rushe: The News of the World scandal casts the British political establishment in a grim light, but can the US point the finger?
-
Regulator tells insurer to analyse advice it was given over failed £21bn deal in June last year
-
Insurance company Prudential has revealed that one of its employees was paid £8.4m in 2010
-
Federal Reserve, banks and homeowners among many targets in investigation into how the 2008 economic meltdown began
-
Documents given to the Financial Crisis Inquiry Commission show Goldman made $2.9bn on proprietary trades from AIG's bailout cash
-
The myth of 'American exceptionalism' implodes
Richard WolffRichard Wolff: Until the 1970s, US capitalism shared its spoils with American workers. But since 2008, it has made them pay for its failures
-
Bailed-out insurer to return to the stock market and could become the biggest offering in US history
-
An Irish lesson for bankers
Jill TreanorJill Treanor: Can we finally banish big bonuses? With Ireland taking firm action, soon we'll see what really happens when the plug gets pulled -
A surge in Asian flotations is expected to push the amount of money raised globally above the 2007 record of £190bn
-
InterContinental Exchange's bid for LCH.Clearnet highlights how clearing has become a vital sector for mergers and acquisitions
-
After four years as US business correspondent, Andrew Clark is heading home. He recalls the extraordinary events that nearly bankrupted America – and how it's bouncing back
-
Wall Street's greatest heist: the Tarp
Dean BakerDean Baker: The notion that without the $700bn bailout we would be reduced to bartering was a ruse by the banks to get taxpayers' money
-
Management received a boost when the insurer revealed soaring profits and cut the bill racked up during its failed bid for the Asian business of AIG
-
Coutts inquiry covers savings products sold to Jeremy Clarkson and Frank Skinner
-
Although he was able to satisfy Goldman that he wasn't stealing anything, Comerford was then told to choose between his job at the bank or his tour guiding activities - an ultimatum that he feels was "very unfair". After ten years, he quit his job
-
Andrew Clark on America Flat British excuses from Hayward and Sullivan go down badly on Capitol Hill
It's been a humbling fortnight for top British businessmen on Capitol Hill. First BP's Tony Hayward wriggled his way through a seven-hour examination on the Gulf oil spill. Then another tarnished export, the former AIG boss Martin Sullivan, delivered a cringe-inducing performance under fire over the insurance company's implosion
Topics
- Financial crisis
- Insurance industry
- Banking
- Financial sector
- US economy
- Goldman Sachs
- Economics
- US economic growth and recession
- Prudential
- Regulators
- Global recession
- Obama administration
- Tidjane Thiam
- Financial Services Authority (FSA)
- Investments
- Credit crunch
- Lehman Brothers
- US personal finance
- Stock markets
- General Motors
British Airways chief: build toll roads to help foot 'outrageous' Heathrow bill