PwC Reaches $335MM Settlement with FDIC Over Audits of Failed Bank

The FDIC reached a $335 million settlement with PricewaterhouseCoopers related to professional negligence claims brought by the FDIC against accounting firm arising out of the audits of the failed Colonial Bank.

PwC Picks Timothy Ryan as U.S. Chairman

PricewaterhouseCoopers selected Timothy F. Ryan as its new U.S. chairman for a four-year term beginning on July 1, 2016, succeeding Bob Moritz, who is becoming global chairman.

Annual Venture Investments Rise

Venture capitalists invested $29.4 billion in 3,995 deals in 2013, an increase of 7% in dollars and a 4% increase in deals over the prior year, The MoneyTree™ Report by PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters.

PwC to Assist SunTech With Restructuring

Suntech Power Holdings announced that PricewaterhouseCoopers was appointed to work with the company’s board of directors to continue the company’s restructuring.

CFO: Bank Internal Auditors Warned About Lending Risks

CFO reported that, according PricewaterhouseCoopers, auditors have to be more diligent in their oversight of banks because financial institutions continue to face geopolitical and macroeconomic headwinds.

NYT: Lehman Europe Creditors Might Be Fully Repaid

The New York Times reported that creditors of the Lehman Brothers’ European division might receive all of their money back, citing a report from PricewaterhouseCoopers.