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The Latest Breaking News from Mazars

Huge Blow For Crypto: Binance, Crypto.com Dropped By Their Auditor

The consulting firm Mazars Group has decided to cut ties with all the crypto firms whose accounts it often audits.

The Street

Binance auditor withdraws from working with crypto company

World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

The Guardian - UK

Crypto is riddled with accounting scandals. Could the Big Four solve that?

Few crypto companies rely on the services of major accounting firms. Maybe that should change.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

December round-up of East Midlands movers and shakers

Changes at RWP, Mather Jamie, Alexanders, Westbridge, Blythin & Brown, Kori Construction, Watermead Rose and more

Birmingham Post

Nottinghamshire firm enters administration with nearly 30 jobs lost

The company has been affected by the Covid pandemic and Ukraine war

Nottingham Post

Crypto Crash: Damage Report Ahead Of SBF Testimony

The Crypto Crash continues with Sam Bankman-Fried set to testify before Congress Tuesday; Binance reserves questioned; Argo Blockchain eyes bankruptcy.

Investors Business Daily

US jury begins deliberating in Trump Organization tax fraud trial

Jurors consider verdict after trial in which ex-president’s real estate company accused of years-long scheme.

Al Jazeera

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KuCoin CEO defends exchange amid high-yield product backlash

Are crypto platforms adequately educating users about risk?

Fortune

Prosecution rests in Trump Organization’s tax fraud case

Prosecutors in the Trump Organization’s criminal tax fraud trial have rested their case

The Independent UK

UK restaurants going bankrupt at faster rate than during Covid

Closures rise by 60% in past year, including 453 in most recent quarter, says advisory firm Mazars

The Guardian - UK

Restaurant company insolvencies rise by 59% over past year

As well as increasing food and energy costs, restaurants have been hit by shortages of staff, particularly for skilled roles such as chefs.

The Independent UK

Autocratic governments spent hundreds of thousands at Trump’s hotel while lobbying his administration, documents show

Documents show Mr Trump’s former Washington DC hotel took in hundreds of thousands of dollars from autocratic states that were simultaneously trying to influence his administration’s policies

The Independent UK

British Steel auditor Mazars resigns over fee disagreement

Move comes only days after manufacturer reportedly asked government for financial support

The Guardian - UK

Investigation launched into Mazars audit of Frasers-owned Studio Retail Group

The industry watchdog said it's investigating statements up to March 26

Birmingham Post

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Evening Standard

Regulator starts Frasers-owned Studio Retail Group audit enquiry

Mike Ashley’s business snatched retailer from jaws of administrators for £26.8 million

Liverpool Echo

Apartment block on former National Express site sold for £14.1m

New owners confirm plans to deliver student apartment scheme on the site

The Guardian - UK

UK manufacturing sector insolvencies rise by 63% since last year

Support groups say energy bills, higher interest rates and falling order books putting thousands of firms on the edge

Bristol Post

Family-run Bristol window manufacturing firm enters administration

Administrators said The Window Glass Company - trading as Window Glass - has carried out work for household name firms

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Liverpool Echo

Lead council commissioner denies he forced Tony Reeves from his job

Mike Cunningham says 'buck stops' with former CEO over energy failings, but denies there was bad blood

Bristol Post

Pucklechurch transport firm Toogood collapses amid petrol price hikes and driver shortages

The business had suffered with "significant" cashflow issues in recent weeks

Birmingham Post

Bristol transport company collapses amid rising petrol prices and driver shortages

The business was founded in 2006 and was a sponsor of Bristol Bears Rugby Club

Liverpool Echo

Troubled Liverpool Council hurtling towards dark summer storm

A year on from the arrival of commissioners and clouds are gathering again over the city's struggling council, writes Liam Thorp

Liverpool Echo

Liverpool Council chief faces his toughest moment after bruising town hall reckoning

Tony Reeves was highlighted as the man turning Liverpool Council around - but for some he is now the focal point for the authority's troubled local authority's latest problems

The Guardian - UK

The Russian bank, the Bruce Willis ad and the $900m sanctions battle

Ministers warned that millions owed after alleged fraud by ex bosses of National Bank Trust could help fund Putin’s war effort

Crikey

Teflon Don no longer: the Trump empire could be on the verge of collapse

Donald Trump has spent his entire life escaping the consequences of his actions. But that may be about to change.

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