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Hace 3 días · London Capital & Finance (LC&F) collapsed in 2019, after taking about £237m from 11,600 investors. Its mini-bonds promised stellar returns of up to 8% a year, but put only a small amount of cash ...
Hace 4 días · LCF was formerly known as London Capital & Finance Limited and re-registered as a Public Limited Company on 11 November 2015, changing its name accordingly. It was not listed on any stock exchange. The company’s business involved issuing private bonds to retail investors and lending the proceeds to commercial clients.
Hace 2 días · Almost 600 more skyscrapers are set to be erected across London making the capital look like ‘Manhattan-on-Thames’. There are 583 buildings more than 20-storeys high ‘queueing up in the ...
Hace 4 días · Holly Williams 5 minutes ago. Accounting giants PwC and Ernst & Young have been hit with multimillion-pound fines by the sector’s watchdog over their audits of failed minibonds firm London...
Hace 4 días · EY and PwC have both been fined £7m over significant failings in their audits of the now-collapse mini-bond firm London Capital & Finance. LCF sold high-risk, unregulated investments to retail investors, and owed £237m to some 11,500 bondholders by the time it went into administration in 2019.
Hace 3 días · LONDON, May 7 (Reuters) - Britain's Financial Reporting Council has fined three audit firms including PWC and EY about 9.5 million pounds ($12 million) in aggregate for failures in their handling...
Hace 4 días · By Kyle Brasseur Tue, May 7, 2024 11:58 AM. Save article. Big Four firms PwC and EY were each penalized by the Financial Reporting Council (FRC) for alleged shortcomings during their respective audits at collapsed investment firm London Capital & Finance (LCF).
