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UK watchdog closes Lehman case against auditor E&Y
Reuters: Business News
Tue, 29 Jan 2013
LONDON (Reuters) - Britain's accounting watchdog declined to take any action against Ernst & Young (E&Y) over its auditing of Lehman Brothers before the U.S. investment bank failed in 2008 and triggered a near meltdown in global markets.
Several European banks have proved their mettle amid the continent's financial turmoil and are well-positioned for long-run growth, says Janus Overseas manager Brent Lynn.