US judge slaps PriceWaterhouseCoopers with $625m fine for negligence

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Accounting giant, PriceWaterhouseCoopers (PWC) has been ordered to pay $625 million in damages, by an Alabama judge, in the United States of America for their negligence that led to one of the largest bank collapses in the US. The award that is among the biggest for accounting malpractices, is in respect to the 2009 collapse of the Colonial Bank, an Alabama-based bank and was brought by the Fed