UBS Chairman, Colm Kelleher pointed fingers at Credit Suisse s board, management, and shareholders for the bank s downfall. However, he anticipates a higher return on equity for UBS once the Credit Suisse integration is complete.
The insurance giant initially agreed in September to sell its 25.9 per cent holding in Singlife, in addition to two debt instruments, to Japanese company Sumitomo Life for £800million.
Aviva to earn another £80m from sale of Singlife stake dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.