Four banks are facing questions over the Enron fallout as the company’s
former CFO issued a damaging parting shot before being sentenced yesterday.
Andrew Fastow accused Barclays, Royal Bank of Scotland, Credit Suisse and
Merrill Lynch of devising the schemes which helped him conceal billions of
dollars in losses.
Lawyers for Enron shareholders collected $8bn in settlements from banks
including JP Morgan Chase and the Bank Of America, but the four banks denounced
by Fastow are part of a group of institutions that have refused to settle,
denying any wrongdoing.
Mr Fastow, who once controlled the purse-strings at the energy giant, broke
down in tears as he was sentenced to six years in prison.
Leonard Curtis Business Solutions Group has opened a new office in Glasgow – the first Scottish office for the professional services provider
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal