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AIG collapse would have been catastrophic: Geithner

Former US Treasury Secretary Timothy Geithner testified Tuesday that if insurer AIG had been allowed to fail in 2008, the impact would have been an economic catastrophe.

Tata AIG General Insurance eyes 15% premium growth in FY15

Private general insurer Tata AIG General Insurance is hopeful of posting around 15 percent growth in premium collections in the next financial year on the back of an expected recovery in economy, a top company official has said.

BofA $8.5 bn settlement to move forward; AIG loses bid to delay

A New York state judge declined to delay court approval of Bank of America Corp`s $8.5 billion settlement with investors in mortgage-backed securities, rejecting a move by American International Group Inc .

AerCap buys AIG`s aircraft leasing arm

AerCap will pay AIG $3.0 billion in cash and give it 97.6 million in shares, a 46 percent stake in AerCap worth $2.4 billion at the closing price of $24.93 on Friday.

US Treasury to receive $5.75 bn from AIG stock sale

In a statement Monday, the Treasury said underwriters have exercised their over-allotment option in full to purchase approximately 24.6 million additional shares of AIG common stock at the public offering price of USD 30.5 per share, Xinhua reported.