big four

Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
Fines, Interest Rate Hike Set 2023 Tone as UK Big Four Cap Year
February 22, 2023  |  Banking

In this report, PYMNTS takes a look at the 2022 full-year performance of the U.K.’s “Big Four” banks — Barclays, HSBC, Lloyds and NatWest. Barclays...

READ MORE >
UK Moves To Split Audit And Consulting Profits At Big Four
UK Moves To Split Audit And Consulting Profits At Big Four
July 06, 2020  |  Regulation

The Big Four accounting firms will have to put their United Kingdom auditing and consulting practices in separate business units by 2024, but may keep...

READ MORE >
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
Wirecard Saga Reignites Debate Over Auditors’ Role In Combatting Fraud
July 02, 2020  |  B2B Payments

As the fallout from Wirecard‘s $2 billion accounting scandal continues, some attention has turned to the Germany-based payment company’s auditor, Ernst & Young (EY). A...

READ MORE >
Treasury APIs, BNPL And Robinhood’s Outage Top This Week’s News
Treasury APIs, BNPL And Robinhood’s Outage Top This Week’s News
March 06, 2020  |  The Weekender

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

READ MORE >
UK Moves Closer To Big Four Accountancy Breakup
UK Moves Closer To Big Four Accountancy Breakup
March 01, 2020  |  B2B Payments

The Financial Reporting Council (FRC), the U.K.’s audit regulator, announced plans this week to break up the dominance of the largest four accounting firms, Deloitte,...

READ MORE >
Big Four Seek Guidance On Trade Finance
Big Four Seek Guidance On Trade Finance
October 25, 2019  |  B2B Payments

Top accountancy firms are asking the Financial Accounting Standards Board (FASB) to clarify how corporates should report on supplier finance programs that are in place,...

READ MORE >
UK Challenger Banks Struggle To Compete
UK Challenger Banks Struggle To Compete
September 30, 2019  |  Banking

Challenger banks in the U.K. are having a hard time competing with the country’s big four financial institutions. While challengers such as Metro Bank, Santander...

READ MORE >
Auditors Ready To Drop Riskiest Corporate Clients
Auditors Ready To Drop Riskiest Corporate Clients
August 08, 2019  |  B2B Payments

As pressure continues to mount on the so-called Big Four corporate auditors in both Australia and the U.K., the Financial Times reports that the conglomerates...

READ MORE >
India Presses For Big Four Accountancy Review
India Presses For Big Four Accountancy Review
July 23, 2019  |  ANTITRUST

The Indian government is reportedly seeking an antitrust investigation into potential anticompetitive behavior among the nation’s Big Four accountancy and auditing firms, reports in Reuters...

READ MORE >