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LONDON Hector Sants, a former head of Britain’s financial watchdog, may join Deloitte and become the latest in a string of regulators to join one of the ‘Big Four’ accounting and consultancy firms, a source said. A welter of new regulation is hitting banks and other financial firms to apply lessons from the financial crisis, putting expertise in regulation at a premium. Talks between Deloitte and Sants, who stepped down as Financial Services Authority chief in June, were at an “early stage”, a person familiar with the matter said on Tuesday. Deloitte and the FSA declined to comment. Sants was [...]

Consulting and advisory firm Monitor Company Group and its affiliates filed for Chapter 11 bankruptcy protection, court documents showed, and said it has agreed to sell its assets to global consultancy firm Deloitte . As per the asset purchase agreement, Deloitte Consulting LLP will acquire Monitor’s U.S. practice, and practices outside the United States will be acquired by certain other member firms of Deloitte Touche Tohmatsu Limited. As a pure-play strategy consultant, Monitor said it was facing increasing financial pressure as a stand alone business, forcing it to file for Chapter 11 bankruptcy protection. Monitor, which offers consulting services to [...]

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