Hints and tips:
Big Four firm expects to attract senior managers unsettled by rival’s break-up of accounting and consultancy
Paul Boyle says industry lobbying has deflected attention from dominance of Big Four firms
Big Four auditor says it needs more time to assess the damage before signing off on pay and bonuses
...Since then he has not returned to Bermuda, where he would face immediate arrest....
...Coincidentally, in this case that meant the same firm: PricewaterhouseCoopers....
...search for a large deal with the $6.3bn purchase of Bermuda-based Endurance, writes Oliver Ralph in London....
...It announced in October an agreement to sell its Bermuda private banking and trust operations, as part of unwinding the $1.3bn acquisition of the Bank of Bermuda in 2003....
...It is curious therefore, at such a politically sensitive time, that he has allowed another dossier to go adrift: the PriceWaterhouseCoopers audit into oil accounts....
...The group claims Oriental, which was unaware of any wrongdoing, made facilitation payments totalling $45m in 2013 to one Bermuda company....
...The payments were made via special purpose vehicles based in the British Virgin Islands and Bermuda, which had been funded by an Afren partner company called Oriental Energy since last year....
...Castle Harbour, a London and Bermuda-based boutique, has hired Damien Regnier to co-manage a new global convertible bond fund that will be launched later this year....
...The company therefore announces that it will file notice of intention to appoint four insolvency practitioners from PricewaterhouseCoopers LLP as Joint Administrators to Albemarle this morning as soon as...
...Although the FTSE 250 company is the operator of the biggest syndicate at Lloyd’s, as of last year it did almost 40 per cent of its business outside the market, through bases in Bermuda, the UK, Switzerland...
...Pamplona has built a 9 per cent stake in Bermuda-based land rig contractor Nabors last year, becoming its largest shareholder....
...Roughill, St George’s Parish, Bermuda, $27.5m Where In Tucker’s Town, on Bermuda’s main island, about eight minutes’ drive from LF Wade international airport....
...This conclusion was reached in consultation with the Firm’s outside auditors, PricewaterhouseCoopers LLP (“PwC”). This didn’t stick though. By mid-May the Task Force was set up to review the trades....
...According to the finance ministry (Chinese language), the Big Four auditors – Deloitte Touche Tohmatsu, Pricewaterhousecoopers, Ernst & Young and KPMG – will have to begin applying the new rules this August...
...PwC’s Irish and Bermuda outposts face lawsuits – two of which have been dismissed – in connection with its role as auditor for several “feeder funds” that sent investor money to Bernard Madoff’s multibillion-dollar...
Most activity has affected smaller, weaker groups, writes Alistair Gray
...Bermuda-based Validus launched a bid for Transatlantic in July, offering $55.95 a share as it sought to break up the Allied merger....
...Last year, around 75 foreign films were released in India, according to a report by PricewaterhouseCoopers, generating over $81m, up from $60.8m the previous year....
...“This does not just apply to Europe, but to the US and Bermuda as well.”...
..., LLP.)....
...Barney Schauble of Nephila Capital, a Bermuda-based specialist manager, says the majority of its more than $4bn in assets under management is now from longer term investors – including a recent $250m allocation...
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