Taiwanese tycoon Richard Tsai and Chinese financier Xiao Jianhua are in talks to help fund a $4.2 billion bid for American International Group Inc.’s aircraft- leasing unit, three people with knowledge of the matter said.
American International Group Inc. posted the biggest decline in the Standard & Poor’s 500 Index after reporting an underwriting loss at its property-casualty unit and saying it may miss some of its 2015 targets.
JPMorgan Chase & Co. said that the U.S. Department of Justice is conducting at least eight separate investigations into the bank’s activities, ranging from recruitment in Asia to its relationship with Ponzi scheme operator Bernard Madoff.
Robert Benmosche , who said the U.S. will be repaid with interest for American International Group Inc. ’s bailout, is set to become the insurer’s longest-serving chief executive officer since the firm’s near-collapse in 2008.
American International Group Inc. plans to rebuild life-insurance sales outside the U.S. after divesting operations in Asia and Europe to help repay a taxpayer bailout, Chief Executive Officer Robert Benmosche said.