Fact checked by Timothy Li Reviewed by Amilcar Chavarria Key Takeaways In 2008, AIG narrowly avoided collapse due to risky financial bets.The U.S. government bailed out AIG with up to $150 billion.AIG ...

NEW YORK -- American International Group Inc. said it is paying retention bonuses as planned to employees in the unit that sold credit default swaps, the risky contracts that caused massive losses at ...

Credit default swaps (CDSs) provide protection for investors in the event that the borrower defaults on their debt or loan. They can play a pivotal part in financial and investment industries, as they ...

American International Group Inc. posted its third straight quarterly loss, a rude awakening to investors hoping that troubles in the insurer’s mortgage market investments were starting to level off.

WASHINGTON Less than a week after the federal government had to bail out American International Group Inc., the company sent executives on a $440,000 retreat to a posh California resort, lawmakers ...

WASHINGTON -- The man who built insurance giant American International Group Inc. from a startup to a global behemoth said he didn't mismanage the company -- but the government did. Following weeks of ...

Market regulators agreed yesterday to collaborate on the oversight of credit default swaps, the insurance-like derivative contracts that got American International Group into trouble, and said that at ...

WASHINGTON — A former top executive of American International Group Inc. acknowledged Wednesday that his division more than tripled the amount of risky investments it insured in the three years ...

Regulators and practitioners alike have spent much of 2008 fretting about how the CDS market would perform in the event of a big counterparty default (see Credit default swaps: On dangerous ground ...

WASHINGTON, Oct 7 (Reuters) - Two former chief executives of American International Group said they would back regulation of the credit default swaps market in testimony at the U.S. House Oversight ...