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McKinsey & Company |
Global news | Financial Services
An overview of McKinsey & Company global news:
Consulting industry
Bankruptcies
1
Career
1
Consulting sector
1
People
7
Remarkable
2
Expertise
Data Science
2
Digital
1
Finance
4
Forensic & Litigation
2
Innovation
1
IT Architecture
1
IT Strategy
3
Marketing
1
Mergers & Acquisitions
3
Payments
1
Restructuring
2
Risk & Compliance
3
Strategy
9
Industry
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43
Themes
Artificial Intelligence
3
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4
Emerging Markets
1
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2
Fraud
1
Global news
854
United Arab Emirates
Emirates NBD partners with McKinsey to drive AI and advanced analytics
A few years ago, Dubai’s government-owned bank Emirates NBD entered into a partnership with strategy consulting firm McKinsey & Company with the aim of turning the bank into a leader in artificial in
18 November 2024
Middle East
The road ahead for banks in the GCC region: 7 priorities
GCC banks are currently in strong shape, and have over outperformed their global counterparts over the past several years.
05 August 2024
Middle East
McKinsey: GCC banks outperform their global counterparts
Over the past years, GCC banks have outperformed their global counterparts and looking ahead, the region’s banking sector is in a good position to continue its growth, according to analysis by McKins
17 July 2024
Middle East
How banks can set themselves up for a profitable future
Alberto Alvarez, Senior Partner with McKinsey & Company based in the Middle East, outlines five strategies that could help the region’s banks maintain a competitive edge and build a profitable future
13 January 2024
Middle East
Emirates NBD looks to leverage the power of generative AI
Emirates NBD, a leading bank in the MENA region, has announced a roadmap to adopt generative artificial intelligence (AI) tools.
04 September 2023
India
Reserve Bank of India selects McKinsey and Accenture for AI project
The Reserve Bank of India has following a competitive bidding process selected McKinsey & Company and Accenture as its partner for an artificial intelligence project.
12 August 2023
United States
Ex-McKinsey partner pleads guilty to insider trading
Puneet Dikshit, a former partner at consulting firm McKinsey & Company, on December 15 pled guilty to a single count of securities fraud in Manhattan federal court.
03 January 2022
United States
McKinsey investment fund pays $18 million to SEC for compliance failures
MIO Partners, a private investment fund affiliated with consulting firm McKinsey & Company, has agreed to pay an $18-million fine to the US Securities and Exchange Commission over allegations the fund had ina
24 November 2021
United Kingdom
Covid-19 aftermath could wipe off $4.7 trillion from banking sector
The global banking sector faces a multi-trillion stress-test in the coming three years, according to a new review of the industry by consulting giant McKinsey & Company.
13 January 2021
India
Indian banks risk Rs 12 trillion Covid-19 hit, says McKinsey
Although resilient in the face of Covid-19, banks in India will have to withstand trillions in credit and revenue losses for this year, and a few more to come.
05 January 2021
India
A strategic agenda for Indian banks in the post-Covid world
Indian banks are at risk of losing hard-won efficiency gains and should quickly rework how they operate to tackle new challenges, write Akash Lal, Alok Kshirsagar, Siddhartha Gupta and Shikha Gupta f
14 December 2020
United Kingdom
European FinTechs face 'existential threat' as funding dries up
Despite years of hype declaring FinTech investment was set to experience some endless boom, the bubble looks set to burst amid the current recession.
12 October 2020
Switzerland
McKinsey advising UBS on potential Credit Suisse merger
UBS Chairman Axel Weber is considering a mega merger with Credit Suisse some time next year, with consultants from McKinsey & Company brought on board to draw up a potential road map for the deal.
22 September 2020
United Kingdom
UBS calls in McKinsey to explore merger with Credit Suisse
Swiss financial giant UBS has reportedly tapped consultants from McKinsey & Company to draw up plans for a mega-merger with rival wealth manager Credit Suisse.
22 September 2020
United Kingdom
McKinsey partner Chira Barua joins HSBC as Head of Strategy
Chira Barua, a partner at McKinsey & Company, has joined HSBC as Group Head of Strategy.
02 June 2020
Germany
Commerzbank calls in consultants from McKinsey and Bain
Ailing German bank Commerzbank has brought in consultants from McKinsey & Company to advise on an overhaul of its strategy, shortly after arch-rivals Bain & Company was also tapped to help the bank i
19 May 2020
United Kingdom
McKinsey's Communications Director Steve John joins HSBC
McKinsey & Company Partner Steve John will step down from his role leading the strategy consulting giant’s global communications efforts to join HSBC as the bank’s group Chief Communications Officer.
25 October 2019
United Kingdom
Global banking facing 'anaemic' revenues a decade on from financial crisis
A new study has found that banking revenues across the world have collapsed since the global financial crisis, as industry growth is running at less than half the historical average.
15 November 2018
United Kingdom
Growing number of junior bankers switching to MBB consultancies
An increasing number of junior banking professionals are considering shifting to the world’s largest strategy consultancies, according to a number of young professionals in both sectors.
07 September 2018
United States
McKinsey faces conflict of interest questions over retirement fund
McKinsey & Company is under scrutiny after the Wall Street Journal uncovered evidence that its retirement fund held investments that may have created a conflict of interest in six bankruptcy cases in
22 June 2018
Africa
Africa's banking sector the second most profitable in the world, says McKinsey
As the global banking sector continues to see sluggish growth since the financial crisis a decade ago, the prospects are much brighter for the banking sector in Africa, according to a new report from
05 March 2018
Morocco
Former McKinsey consultant Joerg Weber leads Allianz in Morocco
Insurance giant Allianz has appointed Joerg Weber, an alumnus of McKinsey & Company, as Managing Director of its operations in Morocco. Joerg Weber has been with Allianz since 2002.
25 January 2018
Germany
Deutsche Bank asks McKinsey to help draft strategic plan
Deutsche Bank has hired the management consultancy McKinsey to identify areas where the bank should spend its limited cash reserves to revive its ailing business.
21 December 2017
South Africa
Nedbank becomes third major creditor to cut ties with McKinsey
Nedbank has become the latest in a line of major financial institutions in South Africa to disassociate itself from McKinsey & Company, following the infamous Gupta scandal that unfolded in the count
14 December 2017
South Africa
Standard Bank and Barclays Africa drop McKinsey following scandal
In the latest chapter of the ongoing Gupta family saga in South Africa, both Barclays Africa (Absa) and Standard Bank have declared that they will no longer associate with McKinsey & Company, termina
01 November 2017
United Kingdom
McKinsey Senior Partner Tim Welsh joins US Bancorp
Tim Welsh, has been handed the role of Vice Chairman of Consumer Banking Sales and Support at US Bank.
28 July 2017
United Kingdom
Interest in digital banking offers major opportunities for Gulf banks
The market penetration of the internet in the United Arab Emirates and Kingdom of Saudi Arabia has opened up digital banking channels, the utilisation of which have increased significantly in recent
24 May 2017
United Kingdom
Insurance industry to see profits eroded by InsurTechs and digital rivals
The insurance industry is beginning to face the prospect of digital innovation affecting their business models.
22 March 2017
United Kingdom
Ulster Bank asks McKinsey to support growth strategy development
Ireland-based Ulster Bank has called in the support of McKinsey & Company to help its Board with the development of a new growth strategy.
17 October 2016
United Kingdom
Insurers keen to develop ERM systems to unlock business risk insights
Enterprise risk management solutions within the insurance industry are on the increase, as their reactionary potential for dealing with risk events pays off.
04 October 2016
United Kingdom
Fed hires McKinsey to support Faster Payments Task Force
To support the development and roll out of new payment systems in the US, the US Federal Reserve launched the Faster Payments Task Force in 2015.
09 May 2016
United Kingdom
It is not how much you spend on IT; it is how you spend it
It is not how much you spend; it is how you spend it, finds recent research by McKinsey & Company into bank IT spending.
01 February 2016
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