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

News

June 2017

Employee fraud: how should you respond to a tip-off?

Do you know what a "typical" corporate fraudster looks like? What red flags should you be looking for? And - most importantly as a risk manager - what should your first actions be if potential fraudulent activity is brought to your attention?
These were just some of the questions addressed by RGL Forensics at an Airmic Academy which delved into the serious but little-understood subject of investigating employee fraud.

iStock 628481600 magnifying glass calculator spreadsheet

Article

June 2017

Forensic Accounting: Is it Really Lost Income? (Part 3)

In California Lawyer, Mary Furst and James McCurley discuss how forensic accountants can assist counsel to dig deep when preparing—and contesting—claims of economic loss.

Article

June 2017

Will the Next Government Dismantle the SFO?

Here John Burgar, Head of Investigations at RGL Forensics, talks to Lawyer Monthly about the current work of the Serious Fraud Office (SFO) in the UK, and the current government agendas for confronting fraud crimes across the nation.

Article

June 2017

WannaCry: The lessons learned for insurance

The recent WannaCry ransomware attack has put into sharp focus the daily operational risks that face both the public and private sectors. The Press spotlight in the UK was understandably on the NHS, but the effects were felt by the private sector too and the cyber insurance market has responded accordingly. Indeed, the nature of the attack – its timing (on a Friday), its geographical reach over a broad range of industries and its seeming pinpoint on older operating systems – raises various issues for cyber insurers.

Looking for more?

Get in touch with our London Office

06:24 pm

Local time