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June 4, 2012

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Big four auditors given task

SPAIN has picked the big four auditors, KPMG, PwC, Deloitte and Ernst & Young, to carry a full, individual audit of its ailing banks.
The review, to take a few months, will complement an ongoing stress test of Spain's banking sector by consultants Oliver Wyman and Roland Berger, whose first results are expected around mid-June. "I can confirm (the names)," the source said on Saturday.

 

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