Lee Farkas

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PwC reaches $335 million settlement with FDIC over Taylor, Bean & Whitaker/Colonial Bank audits

Mar 18, 2019By

PricewaterhouseCoopers will pay $335 million to the Federal Deposit Insurance Corp. in a settlement that ends claims that the auditor failed in its duties by not discovering the accounting malfeasance that led to the late-2000s collapse of Colonial Bank, which funded the mortgages originated by Taylor, Bean & Whitaker.