Search Results for: legal
Fairfax Financial to Acquire Allied World for $4.9 Billion in Cash and Stock
December 19th, 2016
Cash and share offer with dividend for total value of $54.00 per Allied World share – $10.00 in cash and $44.00 in Fairfax Shares 18% premium to the last close per Allied World share Fairfax has the option to ...
EU could strip the City of London of its euro clearing business
December 18th, 2016
The European Union could once again try and strip the City of London of its euro clearing business, according to a Financial Times report. The FT reports that European Commission is considering a change that would allow the European ...
Central Bank of Greece forecast a strengthening of growth for 2017
December 16th, 2016
Today, in accordance with its Statute, the Bank of Greece submitted its Interim Report on Monetary Policy 2016 to the Speaker of the Greek Parliament and the Cabinet. Progress with the implementation of the programme and with economic recovery ...
Deloitte scoops GSK ‘mega audit’ from PwC
December 16th, 2016
Another hugely lucrative audit is set to change hands. Pharmaceutical giant GSK is moving its audit work to Deloitte after PwC’s 15-year reign. Deloitte will become the audit firm for the year ending 31 December 2018. The GSK audit is ...
One of Deutsche Bank’s top wealth chiefs is among 13 bankers facing allegations of fraud
December 16th, 2016
One of Deutsche Bank’s top wealth chiefs in London is among 13 bankers facing allegations of fraud and false accounting tied to complex finance transactions with struggling Italian lender Monte dei Paschi. Matteo Vaghi, a London-based managing director at ...
PwC and ex RSM Tenon chief face complaints from the FRC
December 15th, 2016
The Financial Reporting Council’s (FRC) Executive Counsel has delivered a disciplinary Formal Complaint in connection with the conduct of PricewaterhouseCoopers LLP (PwC), Nicholas Boden (PwC’s Senior Statutory Auditor and Audit Engagement Partner) and Russell McBurnie (RSM Tenon Group plc’s ...
EU shoppers still face ‘unjustified’ discrimination
December 15th, 2016
A new EU report out today finds that shoppers still face unjustified discrimination due to nationality and place of residence. The report looked at the implementation of EU consumer law and finds that business practices such as geo-blocking are ...
International Law Firm making greater use of Artificial Intelligence
December 14th, 2016
Addleshaw Goddard has announced its deployment of Kira Systems’ software having integrated it into its delivery model to provide legal services more efficiently, quickly and accurately. The firm carried out an 18 month pilot of a range of artificial ...
Germany accused of strangling EU tax transparency
December 13th, 2016
A German-led group of EU states is trying to strangle plans for greater tax transparency, amid the restart of an iconic whistleblower case. Germany was accused of leading the behind-the-scenes attack on a European Commission proposal to raise transparency ...
Rolls-Royce hires PwC for £5.9m audit
December 12th, 2016
PwC has picked up the audit contract for Rolls-Royce Holdings plc after a 16-year long audit relationship with Big Four rival KPMG This follows a formal tender process led by the company’s audit committee and board approval for the ...
