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Leading Indian private bank HDFC has suspended 20 employees in a probe into possible money laundering, a source at the bank told AFP on Sunday.

India's second-largest bank by assets, ICICI, said Saturday it has suspended 18 employees in a probe into possible money laundering after a media sting targeting leading private lenders.

British camera retailer Jessops will close its remaining 187 branches and vanish from the high street with the loss of 1,370 jobs around the country, administrators PricewaterhouseCoopers announced on Friday.

US market regulators charged the China affiliates of five top accounting firms Monday with violation of securities laws for refusing to provide audit data related to China-based companies.

Bailed-out Anglo Irish Bank said Thursday it had taken legal action against its former auditors Ernst & Young for failing to identify the bank's exposure to the Irish property bubble.

Hewlett-Packard and the former head of a British software firm it acquired traded barbs Tuesday over the US firm's allegations of deliberate accounting tricks ahead of a massive writedown.

The audit and consulting firm Deloitte on Wednesday rejected claims by US tech giant Hewlett-Packard that it missed "accounting improprieties" at the British firm Autonomy ahead of a takeover.

Hewlett-Packard's woes deepened Tuesday as the US tech giant reported a massive loss, blaming deliberate financial misstatements from a British software firm it bought last year.

Hewlett-Packard called Tuesday for a probe into "willful" financial misstatements by Autonomy, a British software firm it bought for over $10 billion, which HP now says was overvalued.

Hewlett-Packard called Tuesday for a probe into "willful" financial misstatements by Autonomy, a British software firm it bought for over $10 billion, which HP now says was overvalued.

Financial news and information group Thomson Reuters said Friday third-quarter profit rose 25 percent from a year ago to $462 million, led by its financial and audit services.

East Africa has emerged as the new frontier for natural gas production, boosted by offshore discoveries in Mozambique, Tanzania and Madagascar, an Ernst & Young report said on Tuesday.

The US Secret Service said Wednesday it had opened a probe into the possible theft of copies of Republican White House hopeful Mitt Romney's tax returns.

Chuck Norris has been called 'out of touch' for suggesting that Obama influenced a CEO to speak out against the Boy Scouts' gay ban. Chuck Norris has been called ?out of touch? for suggesting that President Barack Obama influenced James Turley to speak out against the Boy Scouts of America's policy banning openly gay scouts and leaders. Turley, the CEO of Ernst & Young, announced his opposition to the gay ban nearly two weeks ago. In an op-ed titled Is Obama Creating a Pro-Gay Boy Scouts of America? published at AmmoLand.com, Norris, the 72-year-old star of CBS' Walker, Texas Ranger, which ended in 2001 after 8 seasons, suggested that Obama influenced Turley to speak out. ?Is it a coincidence that Turley is in tight cahoots with the White House and that he is the only BSA national board member in 100 years to oppose its pro-traditional family stance?? he wrote. ?Is it a coincident that Turley just announced his resignation as CEO of Ernst & Young (effective June 2012) and that he is no

Chuck Norris asks whether Obama had something to do with Boy Scouts board member James Turley's opposition to the group's gay ban. ?Chuck Norris has suggested that President Barack Obama has called in a favor from James Turley, asking the CEO to change the Boy Scouts of America's policy against openly gay scouts and leaders from within. Turley, the CEO of Ernst & Young, announced his opposition to the gay ban nearly two weeks ago. In an op-ed titled Is Obama Creating a Pro-Gay Boy Scouts of America? published at AmmoLand.com, Norris suggested Obama influenced Turley to speak out. ?Is it a coincidence that Turley is in tight cahoots with the White House and that he is the only BSA national board member in 100 years to oppose its pro-traditional family stance?? he wrote. ?Is it a coincident that Turley just announced his resignation as CEO of Ernst & Young (effective June 2012) and that he is now offering the White House a parting pro-gay BSA gift in gratitude for all its presidential fa

Spain will await the results of two audits of its stricken banks before finalizing a request for European funds to aid in their recapitalization, Prime Minister Mariano Rajoy said.

Boy Scouts of America board member James Turley, the global chairman and CEO of Ernst & Young, opposes the group's gay ban. Boy Scouts of America board member James Turley, the global chairman and CEO of Ernst & Young, opposes the group's gay ban. MSNBC quotes Turley as saying on Tuesday that his experience had led him ?to believe that an inclusive environment? was ? important throughout our society.? ?I support the meaningful work of the Boy Scouts in preparing young people for adventure, leadership, learning and service, however the membership policy is not one I would personally endorse,? Turley said in a statement. ?I intend to continue to work from within the BSA Board to actively encourage dialogue and sustainable progress.? Turley's remarks come after gay rights activist Zach Wahls formed a new group to lobby the Boys Scouts to drop its ban on openly gay membership and delivered a petition signed by 275,000 people calling on the group to reinstate Jennifer Tyrrell. (Related: Zac

Newcastle Falcons will stay in the top flight of English rugby union next season, regardless of whether London Welsh win promotion later this month, the Rugby Football Union said on Wednesday.

Newcastle Falcons will stay in the top flight of English rugby union next season, regardless of whether London Welsh win promotion later this month, the Rugby Football Union said on Wednesday.

US regulators launched legal proceedings against accounting firm Deloitte Touche Tohmatsu's Shanghai branch Wednesday in a case that pits US securities regulation against China's tough state secrets law.