Humor in the Court: Q: The truth of the matter is that you were not an unbiased, objective witness, isn't it. You too were shot in the fracas? A: No, sir. I was shot midway between the fracas and the naval.

-Randomly generated by the open-source fortune-mod program.

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Katanga Johnson

Washington-based reporter covering U.S. regulation at the Securities and Exchange Commission and the Consumer Financial Protection Bureau, previously in Ecuador, alumnus of Morehouse College and Northwestern University’s Medill School of Journalism.




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Org: 💫 Reuters


PwC to pay $335 million over failed audits of Alabama's Colonial Bank: U.S. regulator

March 24, 2019
Katanga Johnson
Peter Schroeder
Concerns: Ethics• Crime• Audit & Oversight
Topics: Fraud• Corruption• Bankruptcy

WASHINGTON (Reuters) - A top U.S. banking regulator said on Friday that PricewaterhouseCoopers will pay $335 million to settle claims of "professional negligence," after saying the auditor should have identified problems leading to the 2009 collapse of Alabama-based Coloni…