American International Group (AIG)

CDS spreads continue to tighten

Credit default swap (CDS) spreads on financial institutions had tightened further by close of play on September 19, as market confidence continued to rise after large injections of cash from central banks

CDS spreads continue to widen

Credit default swap (CDS) spreads on financial institutions have continued to widen, despite the bailout of US insurer American International Group (AIG) by the US Federal Reserve Board on Tuesday.

AIG replaces CEO after subprime losses mount

US insurance firm American International Group (AIG) has replaced its chief executive officer, Martin Sullivan, after reporting billions in losses caused by turbulent credit market conditions.

AIG launches emerging markets FX indexes

Connecticut-based AIG Financial Products has created a family of emerging markets foreign exchange indexes. Launched yesterday, the AIG-EMFXI indexes provide exposure to three-month over-the-counter forwards contracts on 20 emerging market (EM)…

American General restates derivatives by $41.5 million

American General Finance, the Indiana-based consumer loans specialist, has become the latest US company to restate its results because of mistakes in applying accounting rules. The company announced it would adjust income upwards by $41.5 million for the…

AIG restaffs forex post-merger

Banque AIG, a subsidiary of AIG Financial Products, has hired six sales and trading specialists in a bid to upgrade the foreign exchange component of its cross-product service, reports RiskNews' sister publication, FX Week .

AIG to form cross-border op risk sub-group

The Basel Committee on Banking Supervision's Accord Implementation Group (AIG) will shortly form a sub-group to focus on cross-border op risk issues, according to several regulatory sources. Regulators and the industry are pressing for a greater role in…

DrKW hires six in hedge fund sales

Dresdner Kleinwort Wasserstein (DrKW), the investment banking arm of Dresdner Bank, has made six additions to its hedge fund sales team in recent weeks. All six take the title of director and will be based in London.

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