RSA update: Aviva bid mooted
Investment bank Keefe Bruyette and Woods has ignited speculation that Aviva could make a bid for Royal & Sun Alliance, now the insurer has cast aside its troublesome US liabilities.
According to a KBW research note today, RSA announced the disposal of its US operations at least 12 months ahead of KBW's expectations. "After adjusting for management's £443mn loss on disposal and
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