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The Latest Breaking News from Mazars

Pawnbroker loan value rises beyond £250m in 2023

Many pawnbrokers’ highest-interest loans have an APR in excess of 100%

Evening Standard

Trump’s tale of business genius could meet sorry end in New York fraud trial

The ex-Apprentice host projected an image of success but the outcome of the case could be a death blow to his companies

The Guardian - US

Trump businesses received millions in foreign payments while he was in office

Countries including China and Saudi Arabia spent $7.8m, ‘often lavishly’, at Trump properties, report by House Democrats finds

The Guardian - US

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Donald Trump’s lawyers focus on outside accountants who prepared his financial statements

Donald Trump’s lawyers are digging into an outside accounting firm’s role in preparing financial statements at the heart of New York Attorney General Letitia James’ lawsuit

The Independent UK

Trump family on trial: five takeaways from a week in the New York fraud case

Eric Trump and Donald Trump Jr both testified in a trial featuring a copious paper trail, plenty of blame shifting and a gag order

The Guardian - US

Expert alarmed over $2M Weisselberg deal

"That is likely on his mind as he testifies," ex-prosecutor says as court proceedings reveal contract

Salon

London has 19 of UK’s top 20 ‘risky mortgage’ postcodes

As interest rates rise, mortgages in these postcodes may be at the highest risk of default

Evening Standard

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Bakhurst says RTE may have to consider compulsory redundancies in the future

An interim forensic accounting report into RTE’s barter account system, carried out by Mazars, is to be published later on Friday.

The Independent UK

Golf has long been about making connections. That won't change in an LIV-PGA Tour world

The history of golf courses serving as a boardroom with grass is a lengthy one

The Independent UK

£5m Surrey mansion at centre of row over Russian bank sanctions loophole

Lawyers claim the assets of a Russian banker accused of fraud can be legally sent to a bank controlled by Vladimir Putin

The Guardian - UK

"Sales are down and costs are up" - North East craft brewers face bitter battle as shoppers turn to cheaper pints

It's not all doom and gloom for local breweries as drinkers gain a thirst for saving money in the cost of living crisis

Chronicle Live

All jobs saved after historic castle hotel sold out of administration

Leasowe Castle Hotel 'continues to trade as normal under the management and direction of the new owner' and all bookings will be honoured

Birmingham Post

New buyer found for Leasowe Castle Hotel after it went into administration

The hotel 'continues to trade as normal under the management and direction of the new owner'

Liverpool Echo

Rise in UK breweries going bust amid thirst for cheaper craft beers

45 breweries, mostly smaller makers, enter insolvency in last 12 months, up from 15 the previous year

The Guardian - UK

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Birmingham Post

‘Marquee’ Bristol office building near Temple Meads station acquired

The property at 90 Victoria Street provides a base in the city for accounting firms Mazars and PKF Francis Clark

Salon

House GOP quietly kills Trump tax probe

GOP and Trump's team "appear to have acted in coordination to bury evidence," Rep. Jamie Raskin says

Liverpool Echo

Council outlines changes made since expensive electricity contract errors

A damning report outlined a litany of significant failings last year

Fortune

Binance executive says balance sheet audit is ways off

After the fall of FTX, cryptocurrency exchanges have been pressured to show that their customers’ assets are secure.

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news in one place.

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Al Jazeera

What is the post-FTX future of cryptocurrency?

Cryptocurrencies, experts say, have mainly been speculative, which only worked as long as real dollars were there.

The Guardian - UK

Binance auditor withdraws from working with crypto company

World’s largest cryptocurrency exchange, which has been hit by $6bn of withdrawals this week, seeks replacement for Mazars

Fortune

Crypto is riddled with accounting scandals. Could the Big Four solve that?

Few crypto companies rely on the services of major accounting firms. Maybe that should change.

Birmingham Post

December round-up of East Midlands movers and shakers

Changes at RWP, Mather Jamie, Alexanders, Westbridge, Blythin & Brown, Kori Construction, Watermead Rose and more

Nottingham Post

Nottinghamshire firm enters administration with nearly 30 jobs lost

The company has been affected by the Covid pandemic and Ukraine war

Al Jazeera

US jury begins deliberating in Trump Organization tax fraud trial

Jurors consider verdict after trial in which ex-president’s real estate company accused of years-long scheme.

Fortune

KuCoin CEO defends exchange amid high-yield product backlash

Are crypto platforms adequately educating users about risk?

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