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’SEC charges 35-year Deloitte veteran with insider trading
This is increasingly looking like the worst of times for professional services firms.
Management consultants were more than a little shaken when the investigation into alleged insider trading at Galleon ensnared a former McKinsey director.
A future ‘Big Three’?
Here’s where we currently stand in the overly consolidated world of international accountancy.
Firms ranked by revenues:
Price Waterhouse Coopers Lybrand Ross Montgomery
Deloitte Touche Tohmatsu
Merrill Lynch: “My bad”
Merrill Lynch filed its annual report yesterday, revealing an addition $500m loss. Oops.
Restated, the company, bought by Bank of America last year, had a $27.6bn loss in 2008, instead of the $27.1bn previously reported.
Fresh faces on the “top 40 under 40″ list
Stop the presses – Alphaville has discovered a list of shining stars in the business world that doesn’t include a single name from Goldman Sachs.
Crain’s New York Business annual compilation of the 40 best and brightest under-40s in the NYC business world features stars from Deloitte & Touche,
Hedge funds strengthen risk management
Hedge funds are starting to become more transparent to investors and adopting better risk management as big pension funds demand more transparency and institutional-level controls, according to a survey by Deloitte & Touche.