BIG4
PwC Gets Fined
Stop me if you’ve heard this before, Big4 audit firm gets fined…PwC has been fined £5.6m by UK’s audit branch due to “serious failure” in its audit of engineering-firm, Babcock. Including creating false records…in the words of George Takei, “Oh Myyyyyyyyy”.
BANKING
Credit Suisse Gets Green Light for China
Embattled Swiss-bank Credit Suisse gets approval to launch their wealth business in China. See? It’s not all doom and gloom for Credit Suisse.
CRYPTO MARKET
Another One Bites the Dust
In another blow to crypto, Silvergate Capital, which has served as one of two main banks that serve the crypto industry, is shutting down and liquidating its operations.
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