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USA, AIG Timeline Tuesday, April 24 Bookmark and Share     Author
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  Obama anger at AIG bonus payouts  Washington: US President has expressed anger at $165m bonuses pledged to executives of bailed-out insurer AIG, calling the payments 'an outrage' AIG to cut future bonus payment  New York: Troubled insurance giant says it has agreed to demands from the Obama administration to restructure its bonus payments to staff AIG reports record $61.7bn loss
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B. 2010-07-16 AIG agrees to $725m fraud payout Ohio
2. 2009-03-24 Fed wanted to block AIG bonuses Washington
3. 2009-03-23 Top AIG bosses 'to repay bonuses' New York
E. 2009-03-17 US Treasury 'to reclaim AIG cash' Washington
5. 2009-03-16 Obama anger at AIG bonus payouts Washington
G. 2009-03-14 AIG to cut future bonus payment New York
2008-09-17 Turmoil sends US stocks tumbling New York
I. 2008-09-17 Investors edgy as US stocks fall New York

Top AIG bosses 'to repay bonuses'  New York: New York's attorney general: 9 of the 10 executives who received top bonuses from insurance giant have agreed to return them US Treasury 'to reclaim AIG cash'
AIG agrees to $725m fraud payout  Ohio: The US insurance giant has agreed to pay $725m (474m) to settle a long-running fraud case against it AIG said to be near $35 billion Asia deal  American International Group Inc. is close to a $35.5 billion deal to sell its Asian life insurance operations to Britain's Prudential PLC Fed wanted to block AIG bonuses

year 2010 Top ^


year 2009 Top ^

  Washington: Federal Reserve boss Bernanke wanted to take legal action to stop insurer paying millions of dollars of bonuses but was advised against it
  Washington: Huge bonuses paid by ailing insurer to its executives will be deducted from the firm's next bail-out payment

  Insurance giant AIG has reported a loss of $61.7bn in the final three months of 2008 - the largest quarterly loss in corporate history

year 2008 Top ^

Sep.17 Turmoil sends US stocks tumbling
  New York: US stocks have plunged to a 3-year low amid continuing financial volatility and despite the bailout of the insurance giant AIG
 The Dow Jones fell more than 4% to end at 10,609.66. Tokyo's Nikkei fell by 3%
Investors edgy as US stocks fall   New York: US stock markets sank in early trade on fears the bailout of AIG would not be enough to dispel the gloom engulfing the financial world Sep.16   Asian markets mixed on AIG rescue  Japan: Asian stock markets partly recovered after the U.S. government announced an $85 billion plan to bail out troubled insurance giant   US government rescues insurer AIG
  Washington: The Federal Reserve has announced an $85bn rescue package for the country's biggest insurance company, to save it from bankruptcy

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