Keep up to date with the latest finance and accountancy news in our weekly round-up…

 

UK banks ‘prepared for Brexit and trade war fall-out’

The Bank of England says the UK banking system is still resilient to the financial impact of a worst-case disorderly Brexit.

Donald Trump: Bitcoin and cryptocurrencies aren’t money

The US president said he’s not a fan of Facebook’s Libra, and demands digital coin companies seek a banking charter.

UK watchdog says all top accountants fail audit quality test

All of Britain’s leading accounting firms have failed to hit quality targets set by their regulator for auditing company books for the second year in a row, with Grant Thornton and PwC singled out to join KPMG under tough supervision.

RSM announces merger in China

RSM’s Chinese member firm Huapu Tianjian is in the process of finalising a merger with part of a leading firm in China.

Deloitte ranked No.1 consulting service provider worldwide by Gartner

Gartner, the world’s leading information technology and advisory company, ranked Deloitte as the number one worldwide consulting service provider for the second consecutive year.

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