News

The White House has been reaching out to top US businesses including GM, EY, and American Airlines to gather support for Biden’s COVID-19 relief plan

The White House spoke to business leaders to gain support its COVID-19 relief plan, CNBC reported. Biden officials hope to create a coalition of groups that support the relief plan, sources said. Leaders reportedly discussed proposals for $US1,400 stimulus payments and a $US15 federal minimum wage. Visit the Business section […]
The White House has been reaching out to top US businesses including GM, EY, and American Airlines to gather support for Biden’s COVID-19 relief plan
News

‘The time is now,’ says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards

Leaders of Deloitte, PwC, EY, and KPMG announced Tuesday a new reporting framework for environmental, social, and governance standards (ESGs), The Financial Times’ Gillian Tett reports. “The time is now for companies to broaden their engagement with stakeholders,” Carmine Di Sibio, EY global chairman and CEO, told Business Insider via […]
‘The time is now,’ says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards
Markets

EY’s chairman expressed ‘regret’ that German fintech Wirecard’s fraudulent practices were ‘not uncovered sooner’

EY’s global chairman has expressed “regret” that the accounting firm did not uncover Wirecard’s fraudulent practices sooner, according to a Financial Times report. Amid backlash over EY’s failure to unmask the insolvent group’s $US2 billion accounting fraud, chairman Carmine Di Sibio wrote to clients pledging to raise the bar on […]
EY’s chairman expressed ‘regret’ that German fintech Wirecard’s fraudulent practices were ‘not uncovered sooner’
Strategy

Accounting giant EY is letting all its employees get an online MBA for free

Accounting firm EY will offer enrollment for a free, remote master of business education degree to its 284,000 global employees. The UK-based company announced the partnership with Hult International Business School on Tuesday. Many companies are helping Americans laid off due to the coronavirus pandemic take free courses to learn […]
Accounting giant EY is letting all its employees get an online MBA for free
Tech

More than half of Australian consumers are now actively using fintech products, but the number still lags behind China, India and the global average

The EY Global Fintech Adoption Index 2019 found that 58% of digitally-active Australians are using fintech products and services, up from 37% in 2017. Australians still lag behind the global consumer adoption average of 64%, with uptake by Australian financial institutions also behind international competitors. Mainland China and India had […]
More than half of Australian consumers are now actively using fintech products, but the number still lags behind China, India and the global average
Markets

Star ANZ economist Jo Masters is leaving the bank to join EY

ANZ’s Joanne Masters is leaving the bank to join EY Oceania as chief economist. Masters was a high-profile senior economist at ANZ, and oversaw significant elements of the bank’s domestic forecasting output, including on inflation trends, developments in the retail industry, and the property market. She co-authored the report last […]
Star ANZ economist Jo Masters is leaving the bank to join EY
Markets

Profits at the big four banks have shrunk by a combined 5.5%

The big four banks had $29.49 billion in combined full year cash earnings, down $1.72 billion or 5.5% from 2017. Return on equity decreased by an average of 170 basis points to 12.2%. Average net interest margins fell by an average of 1.25 basis points to 2%. Bad debt expenses […]
Profits at the big four banks have shrunk by a combined 5.5%