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      KPMG seeks financial support from parent group in wake of audit scandal

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By: Maria Ward-Brennan

Professional Services Editor Maria Ward-Brennan is the Professional Services Editor at City AM, focused on law, Big Four, and other management and accounting consulting firms. She was previously a litigation reporter at The Lawyer. Contact her via email at maria.ward-brennan@cityam.com or X (Twitter) @MariaW_B.

All 1669 Articles
  • Shares drop at Close Brothers as court sides with consumers in motor finance claims

    October 25, 2024

    In a landmark decision in the motor finance test case, a court has resoundingly sided with consumers against the banks and lenders, including Close Brothers

  • CMA launches legal action against Emma Group

    October 25, 2024

    The UK's competition watchdog has launched legal proceedings against mattress seller Emma Group after finding "harmful online selling practices".

  • A mixed bag for EY UK: Revenue growth meets flat fee income and declining profits

    October 25, 2024

    EY UK net revenues grew by single-digit percentage over 2024, while fee income remained flat, due to a reduction in large cross border transactions

  • Tesla: Elon Musk’s EV giant reports better-than-expected profit as shares soar

    October 25, 2024

    Elon Musk's Tesla recorded its biggest single-day gain in over a decade after closed up nearly 22 per cent on the NASDAQ on Thursday

  • Natwest shares soar as lender lifts performance forecasts 

    October 25, 2024

    Shares in Natwest has soared today after the group's third quarter profit grew by 26 per cent, as the lender reported solid growth driven by its lending

  • Bullying and harassment cases rise at City firms, FCA finds

    October 25, 2024

    There has been a sharp rise in non-financial misconduct at firms, according to a survey by the City regulator, but strikingly, the data revealed these companies took no action in more than half of investigations.

  • Collapsed Sentinel Broadcast hits Lloyds Bank with commercial fraud lawsuit

    October 24, 2024

    Liquidators of broadcasting equipment company Sentinel Broadcast have launched legal action against Lloyds Bank, the latest legal battle in the fallout of the company

  • Expansion of class action is damaging trust in UK business, think tank warns

    October 23, 2024

    Adam Smith Institute has issued warnings that the expansion of class action lawsuits in the UK is undermining trust in businesses

  • Millions pumped into anti-fraud work as DWP staff costs jump almost 200 per cent

    October 23, 2024

    The Department for Work and Pensions has increased its anti-fraud staff costs by nearly 200 per cent since 2021, as it seeks to crackdown on fraud

  • Deloitte cuts 250 underperforming staff in UK

    October 23, 2024

    Big Four firm Deloitte has cut 250 members of staff in the UK, as the firm embarks on yet another round of redundancies amidst profits stalling

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