Topic: American International Group Inc.
AIG devises new formula for employee bonuses: report
Reuters US Online Report Business News
(Reuters) - American International Group Inc <AIG.N> has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter. AIG, which was bailed out by the U.S. government at the height of global financial crises ...
Shares of bailed out companies surge
AP News
Bailed out companies see shares rise on hopes that government rescues could be winding downShares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow. Shares ...
Bailed-out U.S. financial stocks surge
Reuters US Online Report Business News
NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery. Citigroup Inc <C.N> stock rose as much as 8.4 percent after a prominent ...
AIG Subsidiaries Resolve Allegations of Lending Discrimination
consumeraffairs.com
Lenders accountable for higher broker fees charged to minority borrowersTwo subsidiaries of American International Group (AIG) Inc. have agreed to pay a minimum of $6.1 million to resolve charges that they engaged in a pattern or practice of discrimination against black borrowers. Brought under the federal Fair Housing and ...
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