Search Results for: PricewaterhouseCoopers
$20 Billion Property Trusts in India halted by Tax Rules
October 14th, 2014
The Indian government has announced rules for setting up real estate investment trusts, vehicles that may spur $20 billion of property development. None of the money will be spent unless the country’s tax code is revised. “REITs cannot take ...
PwC to face U.S. lawsuit over Colonial Bank collapse
September 11th, 2014
Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled. Filed ...
Africa likely to experience oil and gas boom
September 9th, 2014
A study released by PriceWaterhouseCoopers (PwC) concluded that Africa had the potential to experience a major mid-term energy boom. The survey forecast demand for oil on the continent would “rise significantly” over the next two decades, driven by larger ...
PwC must face $1 billion lawsuit over MF Global advice
August 28th, 2014
A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion (603 million pounds)lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by ...
PwC takes on Aussie legal market
August 18th, 2014
Former King & Wood Mallesons (KWM) partners Tony O’Malley and Tim Blue, who set up a Sydney boutique earlier this year, have joined accounting giant PricewaterhouseCoopers (PwC) to launch an Australian legal services arm. PwC Australia chief executive Luke ...
Bank Overseer PwC Faces Penalty and Sidelining of Regulatory Consulting Unit
August 18th, 2014
The giant consulting firm PricewaterhouseCoopers occupies a position of trust on Wall Street, acting as a shadow regulator of sorts that promises the government an impartial look inside the world’s biggest banks. But the firm – hired and paid ...
New York is back on top for IPOs
August 6th, 2014
New York is once again the top destination for global companies listing their stocks, according to a new report on “cross-border” IPOs. It’s the first time New York has topped Hong Kong since 2009. Companies that are based overseas ...
FinCEN named FBME Bank Ltd as a foreign financial institution of primary money laundering
July 25th, 2014
On July 17 FinCEN issued a press release taking action to Protect U.S Financial System. On that date, FinCEN named FBME Bank, which transacts 90 percent of its global banking business through branches in Cyprus, as a foreign financial institution ...
Global airline CEOs upbeat on revenue growth prospects: survey
July 17th, 2014
Airlines are confident that their industry will boost revenue over the next year and consider joint ventures a more viable growth driver than mergers, a PricewaterhouseCoopers survey of nearly 40 chief executive officers at carriers worldwide finds. The report ...
PwC must face $1 billion lawsuit over MF Global collapse
July 11th, 2014
A federal judge on Wednesday rejected PricewaterhouseCoopers’ request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global Holdings Ltd, a brokerage run by former ...
