PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator

A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Colonial Bank.

from Reuters: Business News https://ift.tt/2uigtp3