Deloitte & Touche, advisers to the Royal Bank of Scotland in its takeover bid for NatWest, is a little red-faced at the moment. RBS had claimed in its proposals, audited by Deloittes, that one of the benefits of a merger would be improved performance through the integration of the two bank’s computer systems. Unfortunately, NatWest managed to lay their ever-so-grateful hands on a Deloitte report claiming US bank mergers had hurt shareholders’ interests because, guess what? … combining computer systems is more difficult than everybody thinks. Ooops.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice