WASHINGTON -- The Big Six accounting firms have now contributed nearly $1 billion toward the cost of the thrift bailout, thanks to Tuesday's agreement between regulators and KPMG Peat Marwick.

The accounting giant agreed to pony up $186.5 million to settle claims by regulators who charged that shortcomings in its work for thrifts contributed to the savings and loan crisis.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.