Equitable Life chairman considered resignation - papers 23rd Sept

TREVES YESTERDAY admitted he had asked the troubled insurer's board to consider his resignation in the wake of the failure of the society's legal claim against former auditor Ernst & Young, says the Telegraph. He made the request "on a matter of principle" but non-executive director Jean Wood said directors had given him their "unanimous support". She said the same applied to chief executive Charles Thomson. Equitable yesterday formally settled the claim, which started at £2bn and was later reduced to £700m, with E&Y at the High Court. Both sides will meet their share of the estimated £...