PriceWaterhouseCoopers to pay $25M in bank case

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ALBANY, N.Y. (AP) — PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients under an agreement with New York regulators following an investigation that showed the company improperly altered a report about Bank of Tokyo Mitsubishi laundering money.

Monday’s agreement followed a $250 million settlement between the bank and the same regulators last year.

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