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American General Finance Parent AIG to Report Third Quarter 2008 Earnings and Hold Conference Call (Business Wire via Yahoo! Finance)
EVANSVILLE, Ind.----American International Group, Inc. will report its third quarter 2008 results on Monday, November 10, 2008 at 6:00 a.m. EST. AIG's earnings release and financial supplement will be available in the Investor Information section of www.aigcorporate.com following the filing of AIG's Form 10-Q for the period ended September 30, 2008.
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AIG asset suitors eye US aid (The Economic Times)
Some buyers interested in American International Group's assets see the US government as a potential source of financing, but such help is not likely to be forthcoming.
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Tycoons’ banks bid for Philam Savings (Philippine Daily Inquirer)
Four banks controlled by Chinese-Filipino tycoons Henry Sy, John Gokongwei and Andrew Gotianun have submitted a binding offer to acquire American International Group’s Philippine consumer banking arm Philam Savings Bank and auto financing company Primus Finance and Leasing Inc.
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AIG, GMAC Help Drive Up Bank Rates Amid ’Insanity’ for Deposits (Bloomberg)
Nov. 17 (Bloomberg) -- American International Group Inc. and GMAC LLC are among money-losing companies whose banking units are paying higher rates than larger rivals to lure depositors, pressuring bank profits needed to offset rising loan losses.
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SMIC, Generali tie up for Philamlife bid (Philippine Daily Inquirer)
SM INVESTMENTS CORP., the listed investment vehicle of retail tycoon Henry Sy, is teaming up with its insurance partner, Assicurazioni Generali of Italy in its bid for Philippine American Life and General Insurance Co., the local insurer of embattled financial giant American International Group Inc.
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AIG's Lender to Close 178 U.S. Branches, Cut 380 Jobs (Update2) (Bloomberg)
Nov. 12 (Bloomberg) -- American International Group Inc. , the insurer bailed out by the U.S., will close 178 branches at the money-losing consumer finance unit it is trying to sell, eliminating about 380 jobs.
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SM group announces partner in bid for Philamlife (GMA News)
MANILA, Philippines - The SM Group on Wednesday announced that it will have a sole partner in its bid to acquire insurance giant Philippine American Life and General Insurance Co.
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Asia Day Ahead: JPMorgan May Fire 10% of Investment Bank Staff (Bloomberg)
Nov. 21 (Bloomberg) -- U.S. stocks declined, sending the Standard & Poor's 500 Index below its lowest close in six years, after economic reports signaled a deeper recession and lawmakers postponed voting on a plan to rescue the auto industry.
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Treasury doubles aid to AIG (The Columbus Dispatch)
WASHINGTON -- Troubled insurer American International Group won a new lease on life after the Bush administration said yesterday that it was almost doubling September's $85 billion taxpayer rescue of AIG and broadening government intervention into the financial sector.
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Government nearly doubles size of AIG rescue (The Sacramento Bee)
WASHINGTON – Troubled insurer American International Group won a new lease on life after the Bush administration said Monday that it was almost doubling September's $85 billion taxpayer rescue of AIG and broadening government intervention into the financial sector. In an unusual 6 a.m. announcement, the Treasury Department said it would tap the $700 billion rescue plan that was passed Oct. 3 – ...
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