Famine Declared In Darfur Refugee Camp Famine declared in Zanzam camp, Sudan due to conflict, highlighting urgent need for international aid and conflict resolution. Top News · Aug 2, 2024
‘Big four’ accountancy firms PwC and EY fined over LC&F audit failures Firms fined millions after London Capital & Finance’s 2019 crash wiped out customers’ savings The Guardian - UK · May 7, 2024
Tweaks, delays and compromises define UK’s post-Carillion response From initial hopes of radical reform, we’ve ended up with a slight adjustment to the corporate governance code The Guardian - UK · Jan 22, 2024
Watchdog investigates accountant at bankrupt Thurrock council Financial Reporting Council looking into compliance of ex-official at council that ran up £500m deficit The Guardian - UK · Jan 3, 2024
FRC waters down governance overhaul as King’s Speech omits audit reforms Britain’s accounting watchdog will abandon the majority of the 18 proposed changes to corporate governance rules in the latest set back to reforms. The Independent UK · Nov 7, 2023
Carillion and the government’s shameful inertia on reform Outsourcer’s collapse revealed disgraceful failures at auditor KPMG, yet six years on where is tough new regulator we were promised? The Guardian - UK · Oct 12, 2023
Loose lending and inadequate auditing: central government’s role in the local council disaster Councils’ decision-making caused the worst failures, but lack of Westminster oversight is also to blame The Guardian - UK · Sep 19, 2023
MPs warn audit backlog threatens transparency over £100 billion spend The Public Accounts Committee said the Government must act to prevent further financial failure in local government. The Independent UK · Jun 22, 2023
Accounting watchdog the FRC says that it is investigating the Deloitte audit of Joules' 2021 accounts In a short statement on its website it said the investigation did not relate to anyone other than the auditor Birmingham Post · May 9, 2023
JP Morgan to take over US bank First Republic after lender becomes third to collapse Banking giant JP Morgan will take over $295 billion (£236 billion) in assets and liabilities of First Republic Bank after the third major US institution collapse in the last two months Daily Mirror · May 1, 2023
First Republic is suddenly in big trouble—but the structural issues date back when CEO Mike Roffler was CFO It was more than the SVB bank run that put First Republic in a vulnerable position, an analyst says. Fortune · Apr 28, 2023
These 3 Quality Finance Stocks Are the Best Bet for 'Buy-Now' Investors Amid renewed trepidations regarding the spillover of the banking crisis, investors willing to bank on fundamentally strong and high-quality finance stocks, Everi Holdings (EVRI), Forrester Research (FORR), and CPI Card Group (PMTS), could be rewarded with impressive gains. Continue reading. StockNews.com · Apr 26, 2023
2 Companies Poised to Break Out This Week - And One to Potentially Avoid (For Now) Trade Your Way to Success Using Barchart's Company Screener Barchart · Apr 25, 2023
First Republic Bank Reports Earnings This Month -- Sell While You Can Despite benefiting from the vote of confidence from 11 large banks, First Republic Bank (FRC) is skating on thin ice. Hence, it could be wise for investors to keep their distance, as its upcoming earnings release might trigger another meltdown in the stock. Read on…. StockNews.com · Apr 11, 2023
StockNews.com · Mar 28, 2023 Why These 3 High Volume Financial Stocks Are Not Worth Buying Volumes have soared with bottom fishers expecting gains through the residual value of sunken financial stocks Credit Suisse (CS), First Republic (FRC), and Silvergate (SI). However, with deflating asset prices amid increasing interest rates, it would be wise to avoid them altogether. Continue reading….
Zenger · Mar 20, 2023 Ackman Says Bank Of America Will Buy Signature Bank Monday, Predicts Crisis Of Confidence Billionaire investor Bill Ackman said Friday that Bank of America will buy Signature Bank on Monday as other banks face peril
Birmingham Post · Mar 8, 2023 PwC fined £5.6m over ‘serious breaches’ in audits of defence firm Babcock The accounting regulator has severely reprimanded two former partners at the firm
The Guardian - UK · Mar 8, 2023 PwC fined for Babcock audit failings including creating false record UK regulator says breaches found in ‘every area’ looked at in relation to audit of engineering firm’s accounts
Evening Standard · Mar 8, 2023 Accounting watchdog fines PwC over audits of defence firm Babcock The Big four auditor will pay £5.62 million
Birmingham Post · Feb 20, 2023 KPMG settles £1.3bn lawsuit with Carillion creditors Official Receiver has been campaigning on behalf of creditors of construction giant following its collapse in 2018
The Guardian - UK · Feb 17, 2023 KPMG settles £1.3bn lawsuit from Carillion creditors over alleged negligence Collapse of outsourcer in 2018 with debts of £7bn came after annual accounts were approved by KPMG
Insider UK · Feb 16, 2023 Investigation into PwC audit of collapsed shopping centre group Intu Accountancy giant says it will cooperate fully with Financial Reporting Council
Birmingham Post · Feb 16, 2023 Investigation launched into PwC audit of failed shopping centre group Intu A probe has been launched into the accounting giant's auditing of Intu accounts for the years 2017 and 2018
The Independent UK · Dec 22, 2022 Deloitte fined £906,000 by watchdog over SIG accounts The Financial Reporting Council first launched an investigation into the Big Four auditor in 2018.
Evening Standard · Oct 6, 2022 Regulator starts Frasers-owned Studio Retail Group audit enquiry Mike Ashley’s business snatched retailer from jaws of administrators for £26.8 million