Liquidators Deloitte have accused the Bank of England of ‘misfeasance’ after BCCI collapsed owing creditors and depositors more than £10bn in 1991.
The case is likely to continue until early 2006, with legal bills that could run to nearly $200m (£107m), according to the BBC online.
It has so far lasted for three months.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars