PwC settles $5.5bn fraud detection lawsuit

$250 Fee for use 9th August 2016 8/9/16- Miami- Steven Thomas, Thomas Alexander & Forrester in Venice, California, representing Taylor Bean Whitaker in trial, with judge Jaqueline Hogan Scola in background. Taylor Bean Whitaker v. PricewaterhouseCoopers (PWC) trial in Judge Jaqueline Hogan Scola courtroom, Miami-Dade County Courthouse.
©J Albert Diaz/ALM

Case shone light on auditors responsibility to detect wrongdoing

SEC must keep bearing down on private equity

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US housing: Long way from home

With property ownership at a 50-year low, rising sales mean millennials could get on the ladder

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US pensions walk trillion-dollar tightrope

How public pensions calculate their liabilities comes under sharp scrutiny amid fears of a black hole

World’s biggest pension fund hit by $52bn loss

GPIF says strong yen caused stocks to tumble

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Pensions’ shift into private equity ignores risks

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Retail investing fees stay above 2.5%

Despite high hopes, reforms charges are little changed

LSE-DB submit tie-up plan to EU authorities

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US online lending platforms take a hit

Fall in loan originations casts doubt over prospects for industry

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Blockchain may help banks renew image

The big appeal is that the technology should save financial companies money, writes Patrick Jenkins

Suits join the hoodies with blockchain push

Cost savings and low returns drive lenders into working with system underpinning bitcoin

Mortgage insurers step into the M&A light

Arch Capital’s purchase of UGC underlines industry’s renaissance

Apollo to pay $53m for misleading clients

SEC ramps up scrutiny of fees charged by private equity groups

AIG: last men standing

Cost-cutting has kept Carl Icahn at bay

Big banks plan new digital currency

Group of major lenders seeks industry standard for settlements

Pensions crunch drives desire for gilts

Policies to keep economy growing are adding to schemes’ deficits

US charity foundations hit by zero returns

Tough choice of eating into endowments or cutting activities

UK funds hit by £5bn in outflows in July

Asset managers suffer worst redemptions in 3 years

SGX considers dual-class voting rights

Singapore bourse looks to boost attractiveness for IPOs

The lawyer calling big auditors to account

Steven Thomas’s pursuit of PwC has made him the go-to guy in auditor liability


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