Dealtalk - Citi could get burned by its sunny brokerage appraisal

News, Reuters UKJuly 2012

Corporate / Corporate consulting / Transaction Advisory

Reuters interviewed Matthew Morris, RGL’s director of corporate advisory services, about the discrepancy between Citi’s valuation and Morgan Stanley’s valuation of their joint venture.

By: David Henry and Lauren Tara Lacapra


Revenue growth rates for wealth managers have fallen so much that there are few deals being made these days, much less at pre-crisis valuations, said Matthew Morris, head of corporate advisory services at the U.S. arm of RGL Forensics, an accounting and valuation firm. 

Still, Morris said, "the two sides are shockingly far apart while presumably using the same valuation framework." 

Read the article in full here. 


More News and Insights


November 2016

New Rules for the Taxation of Dividends – what does it mean for Income Protection Claims?

In April 2016 new rules were introduced regarding the taxation of dividends and the notional ‘Dividend Tax Credit’ was abolished. While the new system is much simpler and more akin to the taxation of other incomes, the below demonstrates how it could lead to individuals manipulating how they extract income from their companies to minimise their tax liability, which could, in turn, impact the assessment of pre- and post-incapacity earnings for the purposes of assessing an income protection claim.


November 2016

Diary of a forensic accountant: Part 3

On a typical day, there is a wide variety of different tasks to be completed, from preparing calculations to writing reports to attending meetings, interacting with owners of a range of businesses, senior claims professionals from the insurance industry and various representatives from the legal profession.


October 2016

Q&A: When management hanky-panky is suspected, should a board hire a forensic auditor?

In the Los Angeles Times, Hank Kahrs takes on a question about potential mismanagement of a board's finances.

iStock 77034745 XLARGE Cell Phone at Night


October 2016

Booming or Busting: Samsung's Trouble with Quality

Since its launch in August, Samsung’s rollout and subsequent recalls of the Note 7 have been severely affected by quality and safety issues as a result of the lithium-ion batteries overheating, and in some reported incidents, even catching fire.

Looking for more?

Get in touch with our London Office

08:08 am

Local time