Financial Times (May 3)
2023/ 05/ 04 by jd in Global News
“The trio of bank failures since March has cast a pall over KPMG’s lucrative business as the largest auditor of the US banking sector.” SVB, Signature and First Republic all “had one thing in common: KPMG” and the auditor will be facing “scrutiny in aftermath of their collapses.”
Tags: Aftermath, Auditor, Bank failures, Banking sector, Collapses, First Republic, KPMG, Lucrative, Pall, Scrutiny, Signature, SVB, U.S.
New York Times (May 1)
2023/ 05/ 01 by jd in Global News
The collapse of First Republic “stopped short of derailing the broader market, with markets focusing instead on corporate profits and the Federal Reserve’s next decision on interest rates.”
Tags: Broader market, Collapse, Corporate profits, Derailing, Federal Reserve, First Republic, Interest rates
