EY to push ahead with mid-year promotions after KPMG calls off April round

EY has taken on $700m (£554.27m) in additional debts in its global operating business, which were largely spent on its failed attempt to split the business.

EY has said it is pushing ahead with this year’s round of mid-year promotions “as normal,” following reports that Big Four rival KPMG has called off its own round of April promotions. An EY spokesperson told City A.M. the “small number of mid-year promotions” it makes “every year” are “continuing as normal.” KPMG, by contrast, […]