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Are ‘Big Four’ accountants a waste of space?

Updated April 5th 2009 From the evidence submitted to the Treasury Select Committee’s inquiry into the banking crisis, one might conclude that the profession of accountancy as practiced in the UK is past its sell-by date, clinging to the vestiges of power and influence by its fingernails and in urgent need of reform. This tallies […]

April 5th, 2009 | Posted in Blog | Read More »

Danger of death: Which audit firm will go down first?

By Ian Fraser Published: The Herald Business Date: November 6th, 2008 The accountancy firms that audited our distressed banks are coming under increased scrutiny The partners of “Big Four” accountancy firms have good reason to feel nervous at the moment. Already the world’s largest accountancy firm PricewaterhouseCoopers, which was responsible for the audits of the […]

November 6th, 2008 | Posted in Article Library | Read More »

Those who favour economic reform are not, by definition, Communist

October 5th, 2008 The Observer’s business editor Ruth Sunderland today points out that those who dare to suggest that something was rotten with the status quo ante in banking and finance are, in some quarters, being branded as Marxists who are seeking to “bring down capitalism” (read her column or see below). This is playground […]

October 5th, 2008 | Posted in Blog | Read More »

Americans tell Wall Street: Why should we bail you out?

September 29th, 2008 Henry “Hank” Paulson pitched it as a panacea for America’s financial woes. But, despite all the sabre-rattling and doom-mongering from US president George Bush, the people of America have not allowed themselves to be hoodwinked.  Why should they take ownership of the very worst loans and other assets assembled by the former […]

September 29th, 2008 | Posted in Blog | Read More »

The end of HBOS

September 17th, 2008 Picture: Amelia Calvert HBOS — created from the expedient merger of Halifax and “Governor & Company of the Bank of Scotland” in September 2001 — is in its death throes. If the BBC’s business editor Robert Peston is to be believed, the bank is about to be subsumed into the Lloyds TSB […]

September 17th, 2008 | Posted in Blog | Read More »

This blog is One and other stuff

July 7th, 2008 Dear Reader, This blog is now one year old. It’s been enormous fun writing the 58 entries to date — just over one a week — over the past 12 months and thank you for all the feedback received so far. Since I started this exercise on June 28th 2007, the business […]

July 7th, 2008 | Posted in Blog | Read More »