Failing Banks

Blum said, however, those assets could again lose value or AIG could be forced to take losses as it sells them off. AIG had $1.1 trillion in derivative contracts sitting on its books...

In this article: AIG, Derivative, and American International Assurance Co.

...quarters, due in part to charges related to ongoing restructuring activities." AIG said Friday that it continues to shrink the number of trades and the outstanding exposures at its...

In this article: American International Group, Derivative, U.S., Chicago, and New York

...billion in assistance from the Government, of which it has used $120.7 billion. AIG said today that AIG PF's derivatives portfolio had been cut down to $1.1 trillion by the end of...

In this article: American International Group, Derivative, Credit crunch, Edward Liddy, and Metropolitan Life

...from the government. In return for that financial support, the government received an 80% stake in AIG. AIG has been working for the past year to sell assets and streamline...

In this article: American International Group, Thomson Reuters, USA Today, and Associated Press

...are clearly weaker than some of its higher quality competitors. AIG used to be one of those companies." AIG 's shares, which rallied more than 8 percent on Thursday, fell more than 9...

In this article: AIG, Stride, Revenue, Derivative, Unemployment, Bankruptcy, and Federal Reserve

...in revenue. The company also made strides in the painful process of winding down AIG FP. The company said it cut AIG FP's derivative portfolio by 13 percent in the quarter to about $1.1...

In this article: AIG, U.S., Stride, Revenue, Derivative, and Federal Reserve

...Mutual, Bank of America purchase of Merrill Lynch , and Wells Fargo take over Wachovia. " Citigroup wanted to take over Wachovia -- not because it was solvent, but because it wanted to...

In this article: Citigroup, Bear Stearns, Wachovia, New York University, Washington Mutual, Lehman Brothers, Wells Fargo, Merrill Lynch, JP Morgan, and Bank of America

...made in America , but the majority of these manufacturing jobs should be located here. " Mr. Schumer said he had sent a letter on Thursday to Energy Secretary Steven Chu , urging him to...

In this article: Charles E. Schumer, Texas, China, World Trade Organization, Climate change, and American University

* Cielo: Project would benefit rural areas, US contractors (Adds Cielo statement, details) U.S. Senator Charles Schumer called on the Obama administration on Thursday to block the...

In this article: Charles Schumer, United States, Texas, Department of Energy, China, Washington, Recession, and Global warming

...for control over $3.7 billion claimed by both bankrupt holding company Washington Mutual Inc and JPMorgan Chase & Co < JPM.N>, according to court documents. The government agency was...

In this article: FDIC, Jpmorgan, Washington Mutual Inc, U.S. Bankruptcy Court, Bankruptcy, Delaware, Federal Home Loan Bank, and Quinn Emanuel Urquhart Oliver & Hedges

...$165 billion in bailout funds were Goldman Sachs Group Inc <GS.N>, JPMorgan Chase & Co < JPM.N>, Morgan Stanley <MS.N>, Citigroup Inc <C.N>, Bank of America Corp <BAC.N>, Bank of New York...

In this article: Bank of America, Jpmorgan Chase, Citigroup Inc, Financial crisis, Boston University, Bear Stearns, State Street Corp, and Bank of New York Mellon

...really been an extraordinary day for us." Kimberly MacLeod , spokeswoman for Lehman Bros., said the company was thrilled with the venue and the bids, which will go toward paying...

In this article: Lehman Bros., New York, Wall Street, and Philadelphia

Navigation - link to other main sections from here The sale of artworks owned by Lehman Brothers before it filed for bankruptcy last year raised $US1.34 million (GBP815,000) at auction...

In this article: Lehman Brothers, Bankruptcy, Roy Lichtenstein, Brooklyn Bridge, and Statue of Liberty

...of America (1988) 33,864,000,000 Refco Inc (2005) 33,333,000,000 Washington Mutual Inc (2008) 32,900,000,000 * IndyMac Bancorp Inc (2008) 32,734,000,000 Global Crossing Ltd (2002)...

In this article: Bankruptcy, NEW YORK, U.S., Bank of New England Corp, CIT Group Inc, Small business, Texaco Inc, IndyMac Bancorp Inc, General Growth Properties Inc, and Pacific Gas and Electric Co

...had failed to find employment three months after graduation. Even the winners such as Goldman Sachs and JP Morgan Chase could find they are facing tighter rules on salaries. The...

In this article: Citigroup, Bank of America, AIG, Attorney General, Guernica, Business Week, Merrill Lynch, and Goldman Sachs

... Robert Brown FDIC ombudsman distributes forms for people to fill out before getting their money back outside IndyMac Bank in Encino , Calif. Some 200 anxious, embittered and sometimes...

In this article: IndyMac Bank, National Credit Union Administration, National Credit Union Share Insurance Fund, Recession, Federal Deposit Insurance Corp., and California

...about allegations the New York Fed may have overpaid billions of dollars to AIG creditors, including Goldman Sachs , Merrill Lynch , Societe Generale and Deutsche Bank. "All of this begs...

In this article: American International Group, Darrell Issa, Thomson Reuters, Societe Generale, Federal Reserve, NYSE, Nasdaq, House of Representatives, Merrill Lynch, and Deutsche Bank

...Insurance Corp. delivered some bad news personally to uninsured depositors who lost money last year when IndyMac Bank crashed and burned, saying an act of Congress is their only hope for...

In this article: IndyMac Bank, Sheila Bair, Los Angeles, Federal Deposit Insurance Corp., Office of the Inspector General, Los Angeles Times, Office of Thrift Supervision, and Treasury Department

...with the matter. For the second quarter, the figure may have topped $3 billion, public filings suggest. Goldman Sachs Group Inc. has sent back at least about $1 billion, said people...

In this article: AIG, Edward Liddy, Wall Street, Goldman Sachs Group Inc., Securities and Exchange Commission, and Treasury Department

...unable to meet potential liabilities that have arisen following the collapse the American investment bank Lehman Brothers. Around 3,500 investors had invested in NDF or DRL,...

In this article: Lehman Brothers and Financial Services Authority