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McKinsey & Company |
Global news | Banking
An overview of McKinsey & Company global news:
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1
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1
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1
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1
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8
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1
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2
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Global news
866
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
United Kingdom
Banks enjoying highest profits since 2008 global financial crisis
Banks worldwide are currently enjoying a record profit windfall – the highest seen since the 2008 global financial crisis, according to analysis by McKinsey & Company.
16 October 2023
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
McKinsey scolded by regulators for weak consulting work at Silicon Valley Bank
The US Federal Reserve’s 102-page post-mortem report on Silicon Valley Bank (SVB) criticized McKinsey & Company for consulting work it performed for the now defunct bank in 2020 and 2021.
12 June 2023
United Kingdom
Former McKinsey boss Kevin Sneader joins Goldman Sachs
The former Global Managing Partner of McKinsey & Company has been tapped to co-lead the Asia Pacific wing of Goldman Sachs. The move sees Kevin Sneader relocate to Hong Kong.
17 September 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
Asia
Southeast Asia banks in better position than peers, says McKinsey
Despite challenges, banks in Southeast Asia are poised to recover from the Covid-19 crisis faster than their counterparts around the world.
12 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
United States
Global banking industry could lose up to $4 trillion in revenues
The next five years will pose unprecedented challenges to global banking, with heavy credit and revenue losses.
21 December 2020
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
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
Canada
McKinsey Canada alumnus joins Australian bank in executive role
National Australia Bank (NAB) has installed a former McKinsey & Company consultant at the head of its largest division.
21 August 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
United States
Citi names former McKinsey partner David Chubak head of US retail banking
Citigroup has named David Chubak as its head of US retail banking. Chubak has held senior strategic roles at the bank since 2013, when he joined Citi from management consultancy McKinsey & Company.
21 January 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
Latin America
Why some Latin American banks outperform the rest of the world
The fastest growing banks in Latin America are among the fastest growing in the world.
22 July 2019
Australia
Commonwealth Bank working with McKinsey on massive job cuts
The Commonwealth Bank could be set to cut up to 10,000 jobs and around $2 billion in costs according to reports, with the bank working on the plan with McKinsey.
16 April 2019
Kenya
Daily transaction services of Kenyan banks face competition from Fintechs
As the Kenyan economy becomes increasingly digitalised, big banks operating in the country are set to be challenged by up and coming Fintechs, primarily in the domain of daily transactions and commer
13 December 2018
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
Hong Kong
Finastra selects McKinsey for Banking Center of Excellence in Hong Kong
FinTech company Finastra has established a new Center of Excellence for the banking industry in Hong Kong. McKinsey & Company has been tapped as the knowledge and consultancy partner of the wing.
22 January 2018
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
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