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Obama vows to fight AIG bonuses
President Barack Obama vowed to pursue 'every single legal avenue' to block $165m in bonus payments by AIG amid mounting anger over the stricken insurance group's use of federal bail-out funds
Financial Times

Lenders face huge bill as complaints over loan cover soar
The number of complaints about Payment Protection Insurance (PPI) policies has leapt more than 70 per cent over the past three months, as campaigns by consumer groups such as Which? have motivated tho...
BBC

Angry Obama Slams AIG Bonus Outrage
Barack Obama has hit out at the "outrage" of executives at struggling insurance giant AIG receiving millions of dollars in bonuses. In an angry statement, Mr Obama said the company's financial probl...
Big News Network

Obama tries to stop AIG bonuses
U.S. President Obama said he will attempt to block bonuses to executives at ailing insurance giant AIG, payments he described as an 'outrage.'
CNN

California gets $1.02B of AIG bailout
California municipalities received $1.02 billion of the $85 billion emergency federal loan of taxpayer dollars to American International Group Inc. as part of the federal bailout of the insurance giant, AIG disclosed. (AIG)
Biz Journal

Obama: AIG bonuses ‘an outrage`
U.S. President vows to pursue ‘every legal avenue' to stop payouts at insurance giant that got $170-billion bailout
The Globe and Mail

Obama berates AIG and vows to try to block bonuses - Boston Globe: Latest
Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for 'recklessness and greed' Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money. 'How do they justify this outrage to the taxpayers who are keeping the company afloat?' Obama asked. 'This isn't just ...
NewsRack

LIC hikes stake in 11 firms for Rs 6,450cr
The Life Insurance Corporation has increased its stake in as many as 11 firms, including SBI and ICICI Bank, so far this year through open market transactions worth a little more than Rs 6,400 crore.
The Times Of India

Obama wants a re-think on AIG bonuses
United States President Barack Obama has angrily told insurance company AIG it should not pay bonuses to its top employees.
Big News Network

Obama blisters AIG, vows to try to block bonuses - AP Top News
WASHINGTON (AP) -- Joining a wave of public anger, President Barack Obama blistered insurance giant AIG for 'recklessness and greed' Monday and pledged to try to block it from handing its executives $165 million in bonuses after taking billions in federal bailout money....
NewsRack

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Archived "business - insurance" news stories.

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