Home » PWC You are browsing entries tagged with “PWC”

FSA’s Verrier ban only scratches the surface at BGC Partners

May 16th, 2012 (Minor edits to final para, January 25th 2014) The Financial Services Authority today imposed a lifetime ban on Anthony Verrier, a senior executive at interdealer brokers BGC Partners, who two years ago was described by a judge as a liar with an extraordinary proclivity for “losing” Blackberries and mobile phones. On March 18th, […]

May 16th, 2012 | Posted in Blog | Read More »

The Worst Bank in the World? HBOS’s Calamitous Seven Year Life

Editorial note: June 22nd, 2012 A revised and updated version of this blog is now available via the following link:- The Worst Bank in the World? HBOS’s Calamitous Seven Year Life

May 13th, 2012 | Posted in Blog | Read More »

Where did it all go wrong for Clydesdale and Yorkshire Banks?

February 14th, 2012 The allegations of “a black hole”, “reckless commercial property lending in 2005-07”, “dodgy accounting” etc at National Australia Bank’s UK subsidiaries Clydesdale Bank and Yorkshire Bank (which I’ve now heard from at least four reliable and independent senior banking sources) just won’t seem to go away. I touched on this in an […]

February 14th, 2012 | Posted in Blog | Read More »

Once again, the banks reveal the great miracle of solvency

January 18th, 2012 Ian Fraser’s introduction: This blog was written by Golem XIV, a pseudonym for filmmaker and author David Malone.   The lies which got us to the purgatory we are in are being told all over again, right now, inside every bank in the Western world. Not by accident but on purpose, by men with […]

January 18th, 2012 | Posted in Blog | Read More »

KPMG and the HBOS whistleblower

By Ian Fraser Published: Sunday Herald Date: December 18th, 2011 KPMG was already auditing Halifax when the ex-building society merged with Bank of Scotland a decade ago, and the audit firm took over responsibility for auditing HBOS books from September 2001. The firm fulfilled this function until HBOS had to be rescued via a shotgun […]

December 18th, 2011 | Posted in Article Library | Read More »

Looks like Fred Goodwin may face criminal charges after all

December 14th, 2011 An edited version of this blog post is available at Huffington Post UK The FSA spent an estimated £10m on its report into the failure of RBS, including £7.7m paid to ‘Big Four’ accountants PWC. But the Canary Wharf-based regulator has lived up to its name (the Fundamentally Supine Authority) and concluded […]

December 14th, 2011 | Posted in Blog | Read More »

Accountancy lost sight of its primary role to the detriment of us all

By Ian Fraser Published: QFINANCE Date: July 11th, 2011 Accountancy has changed beyond recognition since the 1970s. At that time the accountancy professor Roy Sidebotham wrote: “There seems to be no limit to the optimism of businessmen… which the growing complexity of the market opens up. The first line of defence of investors and creditors is the […]

July 11th, 2011 | Posted in Article Library,Blog | Read More »

Irish bailout seems to unravel before it’s even announced

November 27th, 2010 You know that things must be getting desperate in Ireland when significant numbers of the country’s population want to draft in the controversial and famously outspoken Ryanair chief executive, Michael O’Leary to help run the country. According to a Reuters report the no-nonsense Cork-born airline chief, whose opinion of the country’s politicians is […]

November 27th, 2010 | Posted in Blog | Read More »

Banking’s Abu Ghraib

Revised October 3rd, 2010 (minor edits August 18th, 2015) A fourth person has been arrested in relation to Thames Valley Police’s investigation into “corruption and large-scale fraud in connection with HBOS”. [Note: comments on this post have now been disabled and earlier comments from witnesses have been removed as a result of the police investigation […]

October 2nd, 2010 | Posted in Blog | Read More »

Is BGC Partners being entirely honest about its Mint deal?

September 11th, 2010 David Mills, the founder of Core Enterprise Management and Quayside Corporate Services, is a past master of prepackaged administrations and corporate phoenixings. It therefore came as no surprise when I learnt today that a company where Mills was chairman, London-based interdealer broker Mint Partners, went into administration on August 16. Nor that […]

September 11th, 2010 | Posted in Blog | Read More »