Search Results for: PwC
Traditional Financial Services Firms fear almost a quarter of their business is at risk from FinTechs
March 15th, 2016
FinTech companies are more bullish, believing they could capture a third of incumbents’ business Results from a PwC survey released today, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market ...
KPMG: Blockchain Could Be ‘Antidote’ to High Cost of Regulation
March 8th, 2016
As institutional interest in blockchain technology increases with bullish market predictions, professional services firms have been among a new wave of companies seeking to adapt existing products and services for the market. To date, Deloitte and PwC have been perhaps the most aggressive ...
FCA targets six life insurers over fees
March 3rd, 2016
Britain’s financial watchdog is investigating six insurance firms including Prudential (PRU.L) and Old Mutual (OML.L) over their treatment of long-time life insurance customers. The other firms involved were Abbey Life, Scottish Widows, Countrywide and Police Mutual, the Financial Conduct ...
Brazil’s Independent Brokers Are Losing Money Like Crazy
February 16th, 2016
A year ago she was featured in the FORBES as a money manager to watch, but now Fernanda Lima’sbroker-dealer Gradual is in the red. Her firm, one of the largest and more successful independent brokerages, lost nearly $20 million in ...
Toshiba replaced EY with a new auditor
January 28th, 2016
Toshiba picks PwC as auditor after accounting scandal Toshiba Corp said on Wednesday it had chosen PricewaterhouseCoopers Aarata as its auditor from the business year starting April 1, replacing Ernst & Young’s local affiliate after a debilitating accounting scandal ...
‘Big Four’ audit firms never examined over illegal tax plans
January 18th, 2016
Regulators fail to act as they are dominated by the companies they are supposed to police, say critics Audit and accountancy firms who devise tax-avoidance schemes ruled unlawful have never faced official reprimand, The Independent can reveal. None of the so-called ...
IPO Wars: New York Stock Exchange Is Going Global
December 28th, 2015
Apparently, the world’s biggest stock exchange isn’t big enough. The New York Stock Exchange – the symbol of American capitalism that boasts a market cap of around $21 trillion – is ramping up efforts to attract more foreign ...
Accounting firms have pushed into legal but will law push back?
December 28th, 2015
While big-four accounting firms have bulked up their legal services this year, law firms have missed the opportunity to diversify, says an analyst at the Commonwealth Bank of Australia (CBA). Marc Totaro, the national manager of professional services at ...
Income up 53% at KPMG Legal
December 22nd, 2015
One of the Big Four accountancy firms offering legal services through an alternative business structure has reported a sharp rise in income from the division and pledged further heavy investment. KPMG says in its newly published annual report that ...
EU data laws threaten huge fines
December 17th, 2015
Technology companies could face fines of up to 4% of their global annual turnover under new European rules on data protection. The European Union has approved significant changes to data laws, aimed at putting individuals back in charge of ...
