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February 2, 2023

Accounting News Roundup: Big 4 Bail on New Jersey Congressman After Anti-Gay Statements | 07.31.15

Ed. note: I'm off for the day but stay tuned for posts from a couple of our contributors. Drop me a tip if you see anything newsworthy or post it in Open Items.

Wall Street Money Dries Up for Lawmaker After Anti-Gay Remarks [Bloomberg via MW]
New Jersey Congressman Scott Garrett got a rude awakening earlier this month: "Representative Scott Garrett, who heads an influential House subcommittee overseeing the U.S. capital markets, is facing a revolt by corporate and Wall Street donors after he reportedly made anti-gay remarks at a private meeting of Republican lawmakers. Earlier this month, in what financial lobbyists said was a sign of things to come, the Big 4 accounting firms and their trade association abruptly canceled a fundraising event for the New Jersey Republican. In addition, Goldman Sachs Group Inc. has decided to stop making political action committee donations to Garrett, people familiar with the matter said."

Banking for Pot Industry Hits a Roadblock [DealBook]
The Federal Reserve Bank of Kansas City denied a Colorado credit union a master account which would provide access to other financial institutions.

PwC expands private company services practice in Florida [OBJ]
The group plans to increase its headcount by 50% in the Tampa, Miami, Jacksonville, Orlando and Fort Lauderdale markets.

Taxes Drove Valeant, Burger King Deals, Senate Report Says [Bloomberg]
Senator Rob Portman wants to reform the tax law so big companies don't have an incentive to merge with others outside the U.S.

Ernst & Young downsizes at Hancock Tower, opens Kendall Square office [BBJ]
Not all that interesting except for theater room: "It will open a 9,000-square-foot, 250-seat auditorium space for events and training on the Hancock’s 23rd floor this September."

EY to expand to new Tysons building [WBJ]
And plans to add a very precise 462 jobs over the next three years.

Rick Perry to Donald Trump: You, me, pull-up contest [CBS]
Let it never stop: "Let's get a pull-up bar out there and let's see who can do the most pull-ups."

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