Entries tagged "America International Group"

Citi may sell brokerage, throw in i-bank for free

Citigroup may now sell both its Japanese investment bank and brokerage in order to raise more yen -- about ¥300 billion.

AIG struggles to auction off Asian assets

With little enthusiasm about the sale of its Asian life insurance unit, AIA, the insurer is considering calling the auction off.

Bank Watch: AIG turns to gov't for more money

The Dow dove 201.75 points to 7,163.92, the S&P 500 slid 22.58 points to 747.47, and the Nasdaq fell 44.78 points to 1,396.45.

Prudential may buy AIG's Japanese units

Prudential Financial Inc. is apparently in the lead to buy AIG Edison Life Insurance Co. and AIG Star Life Insurance, two Japanese life insurers.

Bank of China to throw water on AIG asset sale?

Bank of China Ltd. isn't bidding for American International Assurance, but it was the preferred bidder heading into the process, according to reports by Dow Jones and the Financial Times.

Bank Watch: Bank of America hits new low

Stocks were up even though some financial stocks are hitting historical lows Thursday.

AIG: The house that Hank built

Could AIG need more money or a backstop in order to survive? Former CEO Hank Greenberg thinks so.

What doesn't happen in Vegas? Wells Fargo

Wells Fargo has canceled employee events in Las Vegas after an Associated Press report discovered the bailed out bank it had booked 12 nights at the Wynn Las Vegas and the Encore Las Vegas.

Bank Watch: Another week, another failed bank

Stocks were up Monday. The Dow gained 19.04 points to 8,096.60, the S&P 500 increased 3.94 points to 835.89, and the Nasdaq jumped up 8.60 points to 1,485.89. Financial stocks were mixed midday. ...

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