Ernst & Young

Ernst & Young (EY) has paid $10m to settle claims it was negligent in it duty as auditor when it failed to raise the alarm when Lehman Brothers was heading towards collapse.

The UK economy will grow by 2.4% in 2015, well below the 3.1% growth expected this year, forecasting group EY Item Club has said.

Former Financial Services Authority director Sheila Nicoll has joined Schroders as head of public policy.

The Bank of England's Monetary Policy Committee (MPC) should hold off on raising interest rates even though its stated threshold for doing so - a fall in the unemployment rate to 7% - is in sight, according to a report.

The restructure of the suspended EEA Life Settlements fund has been postponed until the regulator receives the company's delayed audited accounts for 2012.

Britain's economic recovery is now firmly entrenched thanks to a spending spree by consumers - and fears of a housing bubble are just ‘hysteria', say leading economic forecasters.

Former Financial Services Director (FSA) director of conduct policy Sheila Nicoll has joined Ernst & Young's asset management practice as a senior adviser.

Auditors of some of Britain's biggest companies should have to re-apply for the tender at least every five years, the Competition Commission has recommended, as part of a probe examining the dominance of the ‘big four' accountancy groups.

Top economic forecasters are predicting an export boom for Britain next year that would provide a powerful pre-Election boost for George Osborne.

The chairman of the suspended EEA Life Settlements fund has written to investors after its auditors said the fund is worth $100m less than the value stated in the company's annual update.