Stephen Foley

Follow me on LinkedIn. Pausing posts on other social media sites for the time being. linkedin.com/in/stephen-fol…

"They’re not all sad. They’re not all kicking themselves. This is the business if you do single-B risk." First Brands financier says ‘a lot of people made a lot of money’ from bankrupt group. Story w/ @EricGPlatt @JBSteins @BondHack ft.com/content/40e934…

The law firm that represented Sam Bankman-Fried and Ghislaine Maxwell bids to become one of the first in the U.S. to take private equity investment. Scoop with @kayewiggins ft.com/content/9487e9…

PwC has flagged the WHSmith profit overstatement to the UK’s accounting watchdog, which is now weighing whether to launch an investigation of the auditor. Story by @elleshevakissin & @AArmstrong_says ft.com/content/acbfa6…

Will private equity be able to buy big US law firms, and who will be the first to sell? The boss of a top 20 law firm tells the @FT: “We are constantly approached and we always listen to new ideas.” Scoop with @kayewiggins @AntoineGara & @mroliverbarnes ft.com/content/3a9d3c…

Miami realtors pitch safe spaces for millionaires fleeing Mamdani’s New York. Nice, balanced reporting here by @zehra_munir ft.com/content/eef9fa…

There's always a rap video! Absolute must-read here on how a flashy Utah leasing firm came to be lending billions to First Brands: ft.com/content/f0aefc… Sensational details uncovered by @jillrshah @EricGPlatt @BondHack Ortenca Aliaj & @ameliajpollard youtube.com/watch?v=rfZGq6…

The last time I went into my local Chipotle, it had managed to run out of brown rice and chicken. Possible the sales decline is nothing to do with macroeconomic pressures?

@JohannsAudit 😆

@stephenfoley Accountants are inherently conservative.

Does $56,968mn round to $56.9bn or $57.0bn? Asking for an accounting firm. pwc.com/gx/en/news-roo…

RSM creates US-UK accounting tie-up. . . and says other firms in network can join. Story w/ @elleshevakissin. Read our exclusive interview with the CEOs below. ft.com/content/91ba71…

BDO chief pledges to fight ‘falsehoods’ on First Brands work, says auditor may face years of scrutiny but will take ‘decisive action to protect our reputation’ ft.com/content/9b618c…

Does the fact that Netflix shares went down 6% tonight and not on August 13, when the Brazilian Supreme Court ruled on the tax matter in dispute, imply that the company's disclosures were incomplete or not understood by investors? $NFLX ft.com/content/3fbacc…

Deloitte to pay $34mn over audit work on US nuclear fiasco ft.com/content/f9fc0a…

The secretive First Brands founder, his $12bn debt and the future of private credit Great new detail in this from @BondHack, Ortenca Aliaj & @EricGPlatt ft.com/content/83734e…

Chris Hohn’s foundation blames ‘policy environment’ as it stops giving to US charities Story by @joshspero, @CostasMourselas, @JoeMillerJr & Toby Nangle ft.com/content/b87fb3…

EY narrows US leadership race to three candidates on.ft.com/4mNy005

“The future of consulting is going to be a hybrid of people plus software — like, a lot of software.” Consultancies must become software companies to survive AI boom, says @IBM executive ft.com/content/8535fd…

👀 How Jefferies earned undisclosed fees on First Brands financing. Another @EricGPlatt, @BondHack, Ortenca Aliaj scoop: ft.com/content/fe7cb4…

We did a pun. "Shell out more." Tariffs on India have sent US shrimp prices soaring, reports @TaylorNRogers ft.com/content/3cf349…