Keep up with what’s been happening this week in our accountancy and finance news…

 

Morgan Stanley to buy online brokerage E-Trade for $13bn

Morgan Stanley is to buy the online brokerage E-Trade Financial for $13bn in the largest banking deal since the 2008 financial crisis.

Coronavirus: Car sales in China fall 92% in February

Car sales in China fell 92% in the first half of February as the coronavirus shutdown took its toll, according to an industry trade body.

Johnson poised to axe network of business councils

Dozens of business leaders could be forced to relinquish their roles as advisers to the prime minister as part of a shake-up of Boris Johnson’s engagements with industry bosses.

FRC loses legal challenge over Sports Direct documents

The FRC has hit a legal stumbling block in its efforts to require Sports Direct to provide legally privileged documents as part of its probe into Grant Thornton’s auditing of the retailers 2016 accounts.

Audit watchdog to test how companies and auditors report climate change risk

Audit watchdog the FRC today announced a major review of how companies and auditors report on the impact of climate change.

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