Lawmakers Want AIG, Others To Return Bonuses

Law360, New York (July 29, 2010, 6:34 PM EDT) -- Forty members of the U.S. House of Representatives have signed a letter by Rep. Peter Welch, D-Vt., that calls on the heads of six financial and insurance companies that have yet to repay Troubled Asset Relief Program funds to return big bonuses cited in a report from TARP pay czar Kenneth Feinberg.

The six companies — American International Group Inc., CIT Group Inc., Citigroup Inc., M&T Bank Corp., Regions Financial Corp. and SunTrust Banks Inc. — were among 17 reported by Feinberg to have paid out...
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