Search for: "AIG Federal Savings Bank"
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4 Mar 2010, 5:17 pm
Wilmington Finance and AIG Federal Savings Bank allegedly discriminated against approximately 2,500 African American borrowers. [read post]
19 Sep 2008, 3:46 pm
This week in a stunning shake up of the financial markets, AIG, the largest property and casualty insurer in the world, was saved from bankruptcy when the federal government stepped in at the last hour with an $85 million bridge loan of United States taxpayer money. [read post]
12 Mar 2009, 9:00 am
The rating outlooks remain negative.This comment takes into consideration the record loss of $61.7 billion posted by AIG in fourth quarter 2008 and the continued and steadfast financial support provided by the Federal Reserve Bank of New York (FRBNY) and the United States Department of the Treasury which, under a revised plan, provides AIG with additional capital and liquidity to enhance its capital structure, provide liquidity and assist in the divestiture of… [read post]
2 Mar 2009, 6:15 am
Repayment of the FRBNY credit facility: AIG will transfer to the Federal Reserve Bank of New York (FRBNY) (or to a trust for the benefit of the FRBNY) preferred interests in American Life Insurance Company (ALICO) and American International Assurance Company, Ltd. [read post]
11 Aug 2011, 3:53 pm
This stands in contrast to the failure of numerous savings and loan institutions in the late 1980s, after which special government task forces referred 1,100 cases to prosecutors, resulting in more than 800 bank officials going to jail. [read post]
17 Mar 2009, 3:56 pm
It has a great deal of value beyond saving the federal coffers $165 million (which, admittedly, is not a lot of money in the grand scheme of things). [read post]
11 Sep 2012, 5:27 pm
According to Reuters, with the Treasury’s ownership stake in it dropping under 50%, because AIG is the owner of a small bank the Federal Reserve will begin regulating it as a savings and loan holding company. [read post]
27 Mar 2009, 4:35 pm
The Federal Reserve Bank of New York is not part of the federal government. [read post]
8 Jan 2009, 4:22 am
Banks get a bailout. [read post]
1 Oct 2008, 6:25 am
For many Americans, the collapse of financial giants such as Lehman Brothers, AIG, Merrill Lynch and Wachovia reminds them of other troubled economic times. [read post]
21 Oct 2009, 3:57 am
Cohen prodded clients toward decisions he believed were healthy and was pitching deals along with Treasury and Fed officials to save tottering banks. [read post]
15 Oct 2008, 9:48 pm
It did it with Frannie; it did it with AIG. [read post]
8 Mar 2010, 10:42 am
The Department of Justice (DOJ) allegations were never directed at AIG, the parent company, but were instead directed at two of its subsidiaries –AIG Federal Savings Bank (FSB) and Willmington Finance Incorporated (WFI). [read post]
15 Oct 2009, 9:00 am
At this point, Citi looks like another AIG, propped up to save other Wall Street behemoths, like Goldman, which earned $3.2B in the quarter, in the midst of a severe recession. [read post]
22 Sep 2008, 4:52 pm
The deal to save A.I.G. involves a two-year, $85 billion loan from taxpayers. [read post]
17 Aug 2018, 8:15 pm
In early September 2008, as years of reckless mortgage lending gave rise to a rapidly spreading financial meltdown, Paulson and Federal Reserve Chairman Ben Bernanke refused to save the foundering investment banking firm Lehman Brothers. [read post]
10 Jan 2020, 2:44 pm
Federal courts generally aren’t famous for being policyholder-friendly, so I’m always pleasantly surprised when I see a federal court decision favoring coverage. [read post]
28 Jan 2015, 9:30 pm
In other words, to save the economy, you need functioning banks. [read post]
25 Jun 2013, 5:36 pm
Wilmington Finance and AIG Federal Savings Bank provided a loan of $144,800 to the borrower based upon the false information provided by the defendant. [read post]
6 Apr 2023, 6:31 am
Major investment banks, Fannie Mae and Freddie Mac, nearly all savings and loan institutions, off-balance sheet vehicles, AIG and banks around the world – all of them failed. [read post]
