01/30/2012
Richard Heis, joint administrator at KPMG, told The Telegraph: "The bar date is a unique feature of the special administration regime, allowing us to set a deadline for client claim submissions, which ultimately enables us to speed up the return of c
01/30/2012
Steele was given two concurrent 5½-year terms for conspiracy to commit fraud by false representation and conspiracy to use false instruments.
01/30/2012
Consulting revenue increased 21 percent to $720 million, while accounting revenue climbed 15 percent to $520 million, and tax revenue grew 7 percent to $860 million. Auditing revenue, however, declined 7 percent to $1.1 billion.
01/27/2012
The tax “could penalize our asset management industry” by pushing professionals and transactions elsewhere if France acts alone, Jean-Pierre Jouyet, president of the Autorite des Marches Financiers, said in Paris today.
01/27/2012
Revenue at the UK LLP was £91.2m. That represents a rise of 8 per cent on 2009-10, when turnover was £84.4m. Operating profit also grew, from £29.4m in 2009-10 to £32.6m.
01/27/2012
Harneys recently acted as Cyprus counsel for JSC VTB Bank in a deal worth $500 million.
01/27/2012
PwC says E&Y tried to poach client bank
In the sober world of auditing, discretion is key.
01/26/2012
This is so worrying those negotiating Greece's private sector deal that many are trying to keep the final structure of a rescue package under wraps until it is done to prevent the funds from finding a legal edge, sources close to the talks say.
01/26/2012
“It is highly damaging to market confidence when privileged shareholders commit market abuse, and the high penalty reflects the seriousness of his breach.”
01/25/2012
The new group will comprise around 100 partners and more than 200 associates operating worldwide.
01/25/2012
Greenko will use the funds primarily to support the development of the renewable power projects of the Greenko group as a whole and will benefit from Standard Chartered's strong expertise of providing debt solutions in the project finance sector.
01/25/2012
Warning against the introduction of any measures that might merely serve to endanger growth or jobs in Austria, the organizations put forward a series of targeted tax proposals, expected to generate additional tax revenue totalling around EUR4.5bn.
01/24/2012
When the World Economic Forum’s conference gets under way in the Swiss ski resort tomorrow, several past stars will be missing from the swirl of policy debates and cocktail parties.
01/22/2012
Bridgeman was sentenced at Lewes Crown Court earlier today (20 January) having been found guilty of perverting the course of justice on 16 December 2011, following a five-day trial at Brighton Crown Court.
01/22/2012
The Financial Services Authority (FSA), the industry regulator, holds that institutions must bear in mind the costs of the compensation as bonus season begins in the City.
01/20/2012
The Financial Services Authority has been involved in the discussions without taking formal action against any of the banks, according to two people with knowledge of the situation who declined to identified because the negotiations are confidential.
01/19/2012
While the fine relates specifically to failings by Direct Line and Churchill (together, the Firms), since the breach occurred the relevant business and liabilities of the Firms have been transferred to UK Insurance Limited (UKI). UKI, which is owned by th
01/16/2012
The resignation of Phillip Hildebrand from the Swiss National Bank highlights the 'new centrality' of central bankers as well as their need to espouse a rigorous code of conduct, according to OMFIF Co-chairman David Marsh in the January 2012 Bul
01/16/2012
If upheld on appeal, the judgment could result in between 50,000 and 100,000 firms being able to claim refunds on tens of millions paid in fines.
01/16/2012
BNP Paribas carries out reviews on a rolling basis. This is the first review that has taken place since Georges Dirani, former head of Herbert Smith’s Paris banking practice, took over as general counsel of the bank in 2010 (26 April 2010).