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EY to invest $1bn in private equity business as potential break-up looms
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fnlondon.comEY will spend $1bn over the next four years to expand its private equity offering to capitalise on the booming sector.
The announcement comes as EY eyes a split between its consulting and audit arms amid regulatory pressure on the Big Four firms over conflicts of interest.
EY said its $1bn investment would focus on growing its existing transactional...
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