The newspaper claimed Equitable would be willing to settle its claims against both its former auditors and former directors for between £200m and £400m.
It falls far short of the £2.1bn claim against E&Y and £1.7bn claim against the former directors. ‘We would consider any serious offer that is proposed,’ Equitable said.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements