american international group

AP - When the government offered an emergency loan to insurer American Internat

Troubled insurer American International Group got a new, $150 billion deal from the federal government on Monday, as the Federal Reserve and Treasury Department made significant changes to the terms of the company's original bailout.

The government is providing new financial assistance to troubled insurance giant American International Group.

It includes pouring $40 billion into the company in return for partial ownership. The action was announced jointly by the Federal Reserve and the Treasury Department Monday morning.

All told the moves boost aid to the company to around $150 billion.

American International Group is set to reveal its latest financial results on Monday amid growing signs that the government will rewrite the bailout deal that saved the troubled insurance giant from collapsing nearly two months ago.

American International Group is paying down its pricey $85 billion loan from Uncle Sam with cheaper funding from Uncle Sam.

Troubled insurer American International Group agreed Wednesday to freeze $19 million in payments to former chief executive Martin Sullivan.

American International Group's CEO said Monday the troubled insurer should start selling off pieces of its sprawling global business by year's end.

The New York Federal Reserve is lending up to $37.8 billion to American International Group to give the troubled insurer access to much-needed cash.