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Total 662 documents found in 1-20 pages:
China Strategic bounces back from bounced bid  2009-11-20
...itted by a group led by Hong Kong's China Strategic and Primus Financial Holdings to buy the Taiwan unit of American International Group (AIG), known as Nan Shan Life Insurance. The gesture was interrupted by some market watchers and media as a rejection by the Taiwan governme...


Big banks lobby against break-up legislation  2009-11-18
...goal is to prevent another debacle like last year's, when Lehman Brothers collapsed, triggering a credit crisis, and taxpayers bailed out AIG, Citigroup and Bank of America, among others. Frank's committee is debating a bill that would give the government far-reaching new powe...


IN BRIEF (Page 17)  2009-11-18
...maneuver after bailing out American International Group in September but failed to use what leverage it had when it later cut a deal with AIG counterparties, according to the report by the Troubled Asset Relief Program's (TARP) special inspector general. EasyJet FY profits slum...


Watchdog: Gov't overpaid to bail out AIG  2009-11-17
... with other banks, removing the threat that AIG would go bankrupt and bowing to a demand from French regulators that French banks holding AIG's debt insurance be paid in full. The initial bailout "was done with almost no independent consideration of the terms of the transaction...


Bill Gates says pay caps can backfire  2009-11-16
...undreds of billions of dollars during the crisis bailing out several Wall Street firms, including Bank of America Corp, Citigroup Inc and AIG, which is now 80 percent owned by US taxpayers. "I do worry that when the government owns an entity like AIG that you can greatly devalu...


AIG chief threatens to quit  2009-11-12
...blished report. Citing unnamed people familiar with the matter, The Wall Street Journal reported online late Tuesday that Benmosche told AIG's board he was "done" with the job, although he reportedly is reconsidering his stance in the face of the board's dismay. According to t...


China Strategic cautions its buyers  2009-11-12
...and employees are involved in a bitter row over pensions. Protesters demanded that the issue be settled before the company is sold off. "AIG shouldn't sell Nan Shan to Primus (China Strategic's partner in the deal) at a time when there are still disputes between the management ...


Report: AIG CEO ready to quit over pay constraints  2009-11-11
...nberg rank among the most talented and productive at their companies. Related readings:  US Treasury, Fed failed in AIG oversight  US says AIG should cut retention incentives  AIG sells off Taiwan unit  AIG sells Taiwan subsidiary to Primus f...


China Strategic soars 78% on celebrity effect  2009-11-11
... still concern that the deal may face some legal challenges. Taiwan's China Trust Financial Holding Company Ltd earlier threatened to sue AIG for rejecting its better offer for Nan Shan Life in favor of China Strategic's "less favorable" offer. Nan Shan Life is one of the larges...


Chinese breaks AIG record at men's 60m hurdles  2009-11-02
...ood performance in the competition," said his coach Cai Min. Chinese athletes won two gold medals, one silver and one bronze in total at AIG on Sunday. In the women's 400-meter run, Chinese Chen Jingwen grabbed a gold medal in 53.58 seconds. In the men's long jump, Zhuang Hai...


China Construction Bank net profit up 18.6% in Q3  2009-10-24
...ird quarter rose 18.56 percent year-on-year to 30.3 billion yuan ($4.4 billion). Related readings:  CCB to purchase AIG's Hong Kong financial unit  CCB Asia to buy 100% of AIG Finance  Construction Bank to cut new lending 70% in H2 Th...


US unveils broad effort to limit executive pay  2009-10-23
...to retain talent and protect taxpayer interests." According to Feinberg, base salaries above $1 million were approved for the new CEO of AIG, and for two employees of Chrysler Financial. Under a package approved by Feinberg over the summer, AIG CEO Robert Benmosche will get a ...


US unveils broad effort to limit executive pay  2009-10-23
...to retain talent and protect taxpayer interests." According to Feinberg, base salaries above $1 million were approved for the new CEO of AIG, and for two employees of Chrysler Financial. Under a package approved by Feinberg over the summer, AIG CEO Robert Benmosche will get a ...


Bailout firms' CEOs face pay cuts  2009-10-23
...axpayers had pledged up to $180 billion to keep the company afloat. In an interview with Reuters in August, Robert Benmosche, who became AIG's chief executive this summer, railed against efforts to regulate pay and criticism leveled at his employees, arguing, "You still need to...


US issues proposal to curb compensation at banks  2009-10-23
... of the regular, risk-focused examination process. Related readings:  Listed companies to hand out huge bonus  AIG bonus outrage has employees living in fear  Sarkozy unveils new bonus rules for French banks  US announces new aid to home mark...


Treasury to order bailed-out firms to slash pay  2009-10-22
... Proia, a spokeswoman. Chrysler Group issued a similar statement. Representatives for Chrysler Financial, Bank of America, Citigroup and AIG declined to comment. But company officials and lobbyists earlier this month said Bank of America, Citigroup, GMAC Financial Services and...


Treasury to order bailed-out firms to slash pay  2009-10-22
... Proia, a spokeswoman. Chrysler Group issued a similar statement. Representatives for Chrysler Financial, Bank of America, Citigroup and AIG declined to comment. But company officials and lobbyists earlier this month said Bank of America, Citigroup, GMAC Financial Services and...


Foreign buyers lured to Big Apple  2009-10-19
...rd Mermelstein, a lawyer who specializes in real estate transactions for foreigners. Office towers that once belonged to insurance giant AIG were sold to a South Korean developer earlier this year for about $140 million dollars. Israeli investment fund DB Holding Corp reached ...


No pay for Bank of America CEO in '09  2009-10-16
...nk of America spokesman Robert Stickler said Thursday. Related readings:  Sarkozy urges bonus cap restriction  AIG executive resigns over bonus betrayal  Lenders mull ways to avoid bonus squeeze  Simple math reveals truth of bonus babies &#16...


US says AIG should cut retention incentives  2009-10-15
...e payments were "consistent with the law in place at the time the payments were made", but noted that after the public outcry about them, AIG asked for a voluntary return of part of the awards. It said only a partial collection of the repayments asked for has been received. Th...



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