PwC to pay $335 million over failed audits of Alabama’s Colonial Bank: U.S. regulator

March 15, 2019 admin Business News Comments Off on PwC to pay $335 million over failed audits of Alabama’s Colonial Bank: U.S. regulator

A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of “professional negligence,” after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Colonial Bank.

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Source:: Reuters – Business News

      

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