KPMG to pay damages to bank in audit dispute

Article Abstract:

KPMG will pay an unrevealed financial amount to Bayerische Hypo & Vereinsbank AG as part of a audit dispute settlement. The payment ends the dispute over KPMG's role in a 1998 auditing scandal.

Commercial Banking, Germany, Commercial banks, KPMG, Bayerische Hypo- und Vereinsbank AG

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BCCI rears head a decade later

Article Abstract:

Deloitte and Touche, the liquidator of Bank of Credit and Commerce International, is suing the Bank of England for being negligent in its handling of the company. The bank collapsed in 1991 amid one of the biggest fraud scandals in recent history.

United Kingdom, Central banks, United Kingdom. Bank of England, Bank of Credit and Commerce International (Dubai)

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Prosecutors again seek charges over Parmalat: indictments are filed in normal, slower manner after fast-track failure

Article Abstract:

Indictments for securities law violations are being sought by prosecutors in the Parmalat S.p.A bankruptcy scandal against individuals from that company and Bank of America Corp., Grant Thornton L.L.P. and Deloitte Touche Tohmatsu. Fast-track efforts to begin the trial in June failed due to insufficient evidence.

Italy, United States, Dairy Products, Dairy industry, Dairy products industry, Securities fraud, Bank of America Corp., BAC, Parmalat S.p.A., Grant Thornton L.L.P.

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