PwC called in for RBS probe
PwC parachuted in by the FSA to assess the competence of RBS's top brass during the financial crisis
PwC parachuted in by the FSA to assess the competence of RBS's top brass during the financial crisis
PricewaterhouseCoopers has been called in by the Financial Services Authority
to investigate the conduct of former board directors of Royal Bank of Scotland.
The regulator wants to assess whether the RBS top brass, including former
chief executive Sir Fred Goodwin, behaved competently as the financial crisis
ravaged the capital markets.
One area of focus will look at whether the stock market was kept properly
informed about the bank’s financial position in the period surrounding its £12bn
rights issue in the spring of last year, the Daily Telegraph reported.
Ernst & Young is also understood to have been appointed as part of the
FSA’s probe into the banking crisis.
The numbers you crunch tell a story. Your expertis...
15yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleTop six UK accounting firms met virtually in a meeting organised by the ICAEW to discuss the potential hit their reputations would take if they utilis...
View articleKPMG loses 26-year audit of Rolls-Royce to PwC, as other listed businesses announced tender results Read More...
View articleKPMG set to take on the Legal & General audit from PwC, months after also nabbing Standard Life from its Big Four rival Read More...
View articleEY has been proposed as the auditors of Schroders after a “competitive” tender process Read More...
View articleTwo of the biggest energy companies have proposed Deloitte as their new auditor Read More...
View articleEY becomes the latest Big Four firm to sign HM Treasury’s Women in Finance Charter Read More...
View articleFormer PwC chairman Ian Powell is set to join outsourcing firm Capita Read More...
View articleFormer PwC employees Antoine Deltour and Raphael Halet have been found guilty for their role in the Luxleaks scandal Read More...
View article