Credit Suisse Gets Green Light for China

March 15, 2023

Reading Time: 1 minute

BIG4

PwC Gets Fined

Stop me if you’ve heard this before, Big4 audit firm gets fined…PwC has been fined £5.6m by UK’s audit branch due to “serious failure” in its audit of engineering-firm, Babcock. Including creating false records…in the words of George Takei, “Oh Myyyyyyyyy”.

BANKING

Credit Suisse Gets Green Light for China

Embattled Swiss-bank Credit Suisse gets approval to launch their wealth business in China. See? It’s not all doom and gloom for Credit Suisse.

CRYPTO MARKET

Another One Bites the Dust

In another blow to crypto, Silvergate Capital, which has served as one of two main banks that serve the crypto industry, is shutting down and liquidating its operations.