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McKinsey & Company |
Global news | Banking
An overview of McKinsey & Company global news:
Consulting industry
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1
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1
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1
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2
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1
Expertise
AI & Gen AI
3
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1
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1
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Global news
551
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
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
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
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
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
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 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
France
SocGen taps consulting firms for strategic programmes
French bank Société Générale (SocGen) has tapped Bain & Company and McKinsey & Company to support the firm’s leaders with two major strategic transformation programmes.
09 September 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 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
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