Morning Bid: Blue Monday

A look at the day ahead in markets from Sujata Rao. U.S. Treasury Secretary Janet Yellen said on Sunday a recession is not inevitable but most economic data has been pointing the other way, including last week’s dismal PMI readings in the United States and Europe. Data or policymakers — it’s clear which of them […]

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KPMG escapes record fine over Carillion, Regenersis audit checks

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersis. The Financial Reporting Council, the regulator involved, also ordered KPMG to appoint an independent reviewer into the firm’s […]

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