McKinsey & Company | News | Banking

An overview of McKinsey & Company news in the UK:

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
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
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
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
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
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
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
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
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
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
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
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
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
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
Advisors earned 153 million from Irish banking crisis Between 2008 and the 2014 external advisors, lawyers and consultants supporting the Irish banking crisis racked in €152.7 million in fees.
13 October 2015
McKinsey alumnus Tidjane Thiam CEO Credit Suisse Swiss headquartered financial services group Credit Suisse has appointed former McKinsey & Company consultant Tidjane Thiam as its new CEO. Thiam succeeds Brady Dougan. span class="s1"
15 April 2015
McKinsey: Banks must invest in back office automation As banks follow the trend of digitalisation in the financial services industry, they should choose wisely the areas of investments, says consulting firm McKinsey & Company. In it's recent research, the firm shows that not all digital investment
12 January 2015
Santander UK hires McKinsey advisor to run FinTech unit Santander UK has hired former McKinsey Associate Principal Mariano Belinky as Managing Director of its $100 million Innoventures Fund, set up to invest in fintech start-ups.
30 December 2014
McKinsey survey reveals BoE plagued by internal politics A recent research from McKinsey & Company finds the staff of the Bank of England are dissatisfied with elements of how the institution is run. While not all bad news, the report finds that listening to staff will allow it to “b
10 November 2014
McKinsey develops strategy for Co-op Bank of Kenya The Co-operative Bank of Kenya has hired McKinsey & Company to support it with the development of a growth strategy. The consultants have been given three months’ time to come up with a strategy, roadmap and action plan./
02 October 2014
Bank of England clarifies role McKinsey and Deloitte The Bank of England (BOE) recently hired McKinsey and Deloitte to examine the strategy and operations of the central bank. The hiring has caus
20 January 2014
McKinsey & Company and Deloitte advise British central bank Bank of England (BOE) has hired McKinsey & Company and Deloitte to review the central bank's strategy and operations.
29 October 2013

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