HSBC Names PwC Auditor, Replacing KPMG After Two Decades

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HSBC Holdings Plc, Europe’s largest bank, appointed PricewaterhouseCoopers LLP as auditor, dropping KPMG LLP after more than two decades.

PwC will audit the 2015 fiscal year for the lender, subject to approval from shareholders at the bank’s annual meeting in May, HSBC said in a statement today.