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FINANCIAL SERVICES AIG to report $5-billion loss despite aid from federal government American International Group Inc.AFF-N is expected to post a roughly $5-billion (U.S.) first-quarter loss, according to people familiar [...]

Byline: LIAM PLEVEN AND SUDEEP REDDY Pressure mounted on American International Group Inc. and its U.S. government overseers after public outrage grew over $450-million (U.S.) in bonus payments to employees [...]

Byline: MATTHEW KARNITSCHNIG AND LIAM PLEVEN; WALL STREET JOURNAL STAFF In an effort to prop up giant insurer American International Group Inc., the U.S. Federal Reserve asked Goldman Sachs Group [...]

Byline: KAREN RICHARDSON, LIAM PLEVEN AND CARRICK MOLLENKAMP Rescue plans are starting to take shape for struggling bond insurers, but they aren't likely to prevent further ratings downgrades for many [...]

Robert Willumstad, formerly of Citigroup, will become a director of insurance company American International Group and may also become the chairman, helping the company with its attempt to expand into financial services.

Jet leasing company International Lease Finance Corp., a subsidiary of American International Group Inc., will repay $2 billion of short-term debt that will be due next Tuesday. Its will make the payment with an injection of funds from AIG.

American International Group Inc. asked Kenneth Feinberg, the government's executive compensation official, to look at the company's previously agreed-to retention bonuses,as it seeks approval to expedite them.

American International Group Inc. has convinced executive James Shephard to stay at its French unit Banque AIG SA, a move which likely staved off potential defaults on derivative contracts worth $234 billion. Shephard was going to depart, as others have done, over the furor over the paying of retention bonuses.

American International Group Inc. has received $150 billion in government bailout funding, and is in talks with the government concerning recapitalization involving the backstopping of assets and the selling of units by way of initial public offerings.

American International Group Inc. has reported a loss of $24.5 billion as a result of investment losses as well as a $7.1 billion in write-downs on its credit derivatives. The insurance giant is receiving $150 billion in a new bailout plan by the federal government.

Government officials are considering recasting the terms of a $85 billion loan to American International Group Inc. as a way to reduce the economic pressure on the insurer. Also a possibility is for the backstopping of the company's credit-default-swap contracts and the extension of the loan facility, with a rate reduction.

American International Group Inc. depended on computer risk-assessment models by economist Gary Gorton to determine the safety of certain swaps. The risks AIG took as a result of using the models cost the company billions of dollars of losses.

Former chief executive officers of American International Group Inc., Martin Sullivan and Robert Willumstad faced questions from the House Committee on Oversight and Government Reform regarding whether they withheld knowledge of the insurance giant's financial difficulties from investors.

As he completes his second week as the new chief executive officer of American International Group Inc., Edward Liddy has unveiled his plan to sell company assets to pay off a loan of $61.3 billion from the government, thus making the company much smaller and largely restricted to commercial policy selling.

Marsh & McLennan Companies Inc. is facing reorganization under new chief executive officer Brian Duperrault after almost sinking during an investigation by ex-New York attorney-general Eliot Spitzer and the subsequent settlement with him.

In the wake of recording the two largest losses in its history, and the plunging of its stock price, American International Group Inc.'s board of directors replaced chief executive officer Martin Sullivan with chairman Robert Willumstad.