Credit Fund’s Collapse Leads to $1 Billion Lawsuit Against EY July 9, 2025 By Paula Sambo Bridging Finance Inc.’s receiver is suing Ernst & Young LLP for C$1.4 billion ($1 billion), alleging the auditor failed to...
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time June 30, 2025 By Jackie Davalos and Brody Ford PricewaterhouseCoopers LLP, one of the world’s largest professional advisory firms, has cut prices for some services as clients raised the...
Plenty of Investor Interest in Insurance Despite Drop in Deal Volume, Says PwC June 19, 2025 Deal volume is down but the total value of the deals that were made is up, according an analysis by...
US Insurance Deals Outlook: More, More, More January 8, 2025 In mid-December, PwC tallied a surge in M&A deals in the U.S. insurance industry in the second half of 2024,...
Awbury Syndicate 2025 Gets ‘In Principle’ Nod From Lloyd’s for Launch in January September 18, 2024 The Awbury Group and Polo Managing Agency Ltd. have announced that Lloyd’s has granted “in principle” approval for Awbury Syndicate...
PwC Probe Spotlight Shifts to Hong Kong After Record China Fine September 17, 2024 By Kiuyan Wong The focus of a lengthy probe into PricewaterhouseCoopers LLP’s China business now shifts to Hong Kong after the accounting firm...
PwC’s China Unit Suspended for 6 Months, Hit With Record Fine for Evergrande Audit September 13, 2024 By Julie Zhu and Xie Yu Chinese regulators on Friday hit PwC’s auditing unit in mainland China with a six-month business suspension and a record fine...
EY, KPMG Benefit Most From PwC China’s Regulatory Woes August 15, 2024 By Julie Zhu and Xie Yu Ernst & Young (EY) and KPMG have snapped up over half of PwC’s corporate clients in China that have fled...
China Evergrande Group’s Liquidators Start Legal Action Against PwC August 7, 2024 By Bloomberg News China Evergrande Group’s liquidators have launched court proceedings against PricewaterhouseCoopers LLP, another legal step to recover at least a fraction...
China Asks Large State Financial Institutions to Drop Auditor PwC, Sources Say August 5, 2024 Chinese regulators have in recent months asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor as it...