Citigroup, Morgan Stanley, Deutsche Bank and UBS are all due to receive advisory notices this week about their role in the collapse of the Italian diary giant, reported The Financial Times.
The dairy giant collapsed last year with £9.65bn worth of debt. Auditors Deloitte and Grant Thornton, which audited its subsidiaries including the offshore unit in the Cayman Islands that is at the centre of the scandal, have both denied any wrongdoing.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned