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.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast