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

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 Colonial Bank.

JEFFREY LIPTON in BARBADOS – http://feeds.reuters.com/~r/reuters/businessNews/~3/s4BW7zIKMLg/pwc-to-pay-335-million-over-failed-audits-of-alabamas-colonial-bank-u-s-regulator-idUSKCN1QW2HU