Irregularities mean that Keydata will not be sold as going concern, PwC

"As a result of these issues, we are unable to sell the whole business as a going concern," says PwC. "We will now be looking to sell the business that provides services in relation to third party products and are in talks with interested parties on this point. In the meantime the joint administrators, the UK Financial Services Authority (FSA), and a group of banks to which KIS provides account management and administrative services, including Credit Suisse, Morgan Stanley and HSBC, are working

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