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Maiden Lane Transactions refers to three limited liability companies created by the Federal Reserve Bank of New York in 2008 as financial vehicles to facilitate transactions involving three entities: the former Bear Stearns company as the first entity, the lending division of the former American International Group (AIG) as the second, and the former AIG's credit default swap division as the ...
Brooklyn headquarters. KeySpan Corporation was the fifth largest distributor of natural gas in the United States.KeySpan was formed in 1998 as a result of the merger of Brooklyn Union Gas Company (founded 1895 by merging several smaller companies) and Long Island Lighting Company (LILCO), and briefly operated under the name MarketSpan following the merger. [1]
AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut , is considered to have played a pivotal role in the global financial crisis of 2008–2009 .
The Brooklyn Gas Light Company was established in 1825 to provide gas in Brooklyn, which at the time was a separate municipality from New York City, but the company did not begin supplying gas until 1849. [31] [32] The company spent $20,000 (equivalent to $678,222 in 2023) to erect a brownstone building at 180 Remsen Street in 1856. [16]
In 1967, American International Group, Inc. (AIG) was incorporated as a unifying umbrella organization for most of C.V. Starr's general and life insurance businesses. [28] In 1968, Starr named Greenberg his successor. The company went public in 1969. [29] Former AIG Headquarters in New York
Sullivan's severance package payments were withheld by AIG after the then Attorney General of New York, Andrew Cuomo, raised issues. [7] According to USA Today, "AIG CEO Martin Sullivan received $25.4 million in non severance related compensation between 2005 and 2007, including $322,000 for private use of corporate aircraft, $153,000 for car and parking, $160,000 for home security and $41,000 ...
The New York State Public Service Commission runs its own field office on Long Island to enforce this recommendation and inspection capability. On January 24, 2007, then-governor Eliot Spitzer announced that Kevin Law would replace Richard Kessel as chairman of LIPA until the fall, when a new chairman would be named and Law would become chief ...
The Holdings of American International Group include the operating entities and subsidiaries of insurance conglomerate American International Group (AIG) that operates in over 130 countries. [1] The company's business consists of four core areas: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. [2]