Search Results for: Ernst
Argentina Tests U.S. Court Order by Posting Interest Payment
June 27th, 2014
Argentina is challenging U.S. Courts to enforce a ruling that will block $539 million of an interest payment and trigger a new bond default. Economy Minister Axel Kicillof said the South American nation complied with its foreign debt obligations ...
Six banks sued over trustee roles
June 19th, 2014
A group of big investors including Blackrock and Pimco are suing six different banks including Deutsche Bank and HSBC for their role as trustees of mortgage-backed securities in the lead up to and during the financial crisis. In six ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
Fed may shun global risk rules banks spent billions to meet
June 4th, 2014
The Federal Reserve may scrap international measures aimed at assessing bank health in favor of imposing its own rules, frustrating bankers who have spent billions of dollars retooling their books to meet global standards. Fed officials are concerned that ...
Big Four’s China Accountancy Units Thrashing Out SEC Settlement in Auditing Dispute
June 3rd, 2014
The Chinese units at some of the world’s largest accounting firms – dubbed the Big Four – are looking to reach an out-of-court settlement with the US’ Securities and Exchange Commission in a bid to put an end to ...
Hong Kong court rejects EY’s case that China law protects mainland audit papers
May 23rd, 2014
A Hong Kong court on Friday rejected auditor EY’s contention that Chinese law prohibits the mainland partner of the firm previously known as Ernst & Young from passing on documents related to a former China client. The ruling, the ...
Barclays, Credit Suisse Battle Banker Exodus, Legal Woes
May 5th, 2014
Barclays Plc (BARC), Credit Suisse Group AG and UBS AG (UBSN) will face questions this week about key banker departures, legal challenges and their efforts to boost profitability. Barclays last week lost three top bankers in the U.S. and ...
Regulators Fear Big Data Threatens Audit Quality
April 16th, 2014
Does audit firms’ emphasis on data analytics mean that audits themselves are suffering? Regulators around the world are worried that a rise in audit firms’ consulting business and a corresponding slowdown in the growth of revenues from traditional audits ...
European IPOs boom as bull market runs
March 20th, 2014
Europe is enjoying a boom in companies going public, driven by rising market confidence and pent-up demand for new shares after a five-year drought. Initial public offerings on exchanges in the U.K., the Netherlands, Denmark and Spain have raised ...
Inmates running the asylum
March 10th, 2014
IT WAS always an awkward coincidence that the cousin of Steve DiCarmine, a former executive at the collapsed law firm Dewey & LeBoeuf , was “Vinny Gorgeous” Basciano, who ran the Bonnano crime family and is now serving a ...
