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Deloitte in hot water over WPP accounting debacle

Daily Twitter round-up by @peter_IFAMAG

Deloitte audits under scrutiny after advertising company WPP told to open their books from 2017 – 2019. WPP mis-stating statutory losses by £301m in the first 6 months of 2020. Elsewhere, Massachusetts regulators launched a complaint against RobinHood over the ‘gamerfication’ of trading. Also across the pond JP Morgan and Morgan Stanley bidding war for Eaton Vance revealed, suggesting Wall Street Banks are keen to beef up their Asset Management.

First Adam Tooze shares amazing liquidity data. The world’s most valuable non-financial firms have increased their cash reserves by $2.1trn in 2020 alone.

Wall Street Banks look to beef up asset management suggests Arash Massoudi in this FT scoop. JPMorgan lost in a bidding $7bn bidding war for Eaton Vance.

US regulators are coming for US retail investing platform RobinHood, will this be a trend followed in the UK?

French Fintech is on the rise according to Isabel Woodford, key contributor to Sifted. Lydia just announced France’s largest investment round.

Deloitte in hot water following WPP accounting errors. WPP will open their books, audited by Deloitte, for 2017-2019.

And Finally, the latest UK furlough data paints an interesting picture. Charlie McCurdy shares the data.


What are your thoughts on these tweets?

Tweet your responses to @peter_IFAMAG



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