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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...The chief executive of BCG has said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share...
April 23, 2024
Bain & Co Inc
Bain picks first European as global chief executive
...Beijing has been clamping down on foreign consulting firms amid concerns about the implications of data leaving the country, prompting a drop-off in work....
January 9, 2024
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Deutsche Bundesbank
Bundesbank faces job cuts as consultants plot ‘modernisation’
...Unrest has been bubbling at the Bundesbank, a conservative and secretive pillar of the German establishment, since Joachim Nagel became its president last year and it hired Boston Consulting Group to make...
September 25, 2023
Chinese society
Netflix adaptation of sci-fi novel ‘The Three-Body Problem’ sparks anger in China
...With Game of Thrones creators DB Weiss and David Benioff and True Blood writer Alexander Woo as showrunners, Netflix’s 3 Body Problem — on which Liu is listed as a consulting producer — registered 11mn views...
March 29, 2024
Citigroup Inc
Citi starts tracking how often private bankers call clients
...As part of a review of the business after Sieg joined, the consulting firm McKinsey identified 800 Citi clients who had significant net worth but did not have any investments with it, the people said....
February 15, 2024
Apple Inc
EU to hit Apple with first ever fine in €500mn music streaming penalty
...In a separate antitrust case, Brussels is consulting with Apple’s rivals over the tech giant’s concessions to appease worries that it is blocking financial groups from its Apple Pay mobile system....
February 18, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Israel-Hamas war
Ben & Jerry’s calls for permanent ceasefire in Gaza
...After consulting with Ben & Jerry’s management and stakeholders, Mittal said the board was confident its stance on a ceasefire was “consistent with the history and values of our company”....
January 16, 2024
Management consulting
Consulting firms freeze US starting salaries in bid to shore up profit
...The persistence of historically high inflation means the real-terms value of a new consulting job will be sharply lower next year....
November 5, 2023
US foreign policy
McKinsey and BCG accused of withholding information on Saudi ties
...Four consulting firms, including McKinsey and BCG, have been accused of failing to comply with a US congressional subpoena of documents related to their work with Saudi Arabia’s sovereign wealth fund....
February 1, 2024
Drug prices
Copycats take bite out of AbbVie’s best-selling Humira drug
...Pharmaceuticals working with Alvotech earlier this year became the first drug that the US Food and Drug Administration granted interchangeable status, which lets pharmacists substitute it for Humira without consulting...
April 25, 2024
Accounting & Consulting services
McKinsey and BCG warn staff face jail if they reveal Saudi work
...The heads of consulting giants McKinsey and BCG told US lawmakers on Tuesday that their employees in Saudi Arabia could face jail if the firms handed over details of their work for the country’s sovereign...
February 6, 2024
Accountancy
Investors left in the dark after US companies fail to file on time
ADM, Chemours, Mattel and NYCB are among groups admitting that weaknesses in controls delayed financial reports
March 1, 2024
Inside BusinessSujeet Indap
Big money dispute shows value of ‘hired gun’ economists
...He was fired by FTI Consulting in November after seeking more control and a bigger piece of the pie for his economic consulting unit, Compass Lexecon, that resided within the company....
January 1, 2024
InterviewAccountancy
RSM rules out radical changes to accounting partnership model
...Becker took the helm of RSM US in 2022 having previously run its consulting business....
January 3, 2024
Accountancy
The dark art of bank fair-value accounting needs more transparency
...According to researcher Giuliano Bologna at Compass Point Research and Trading, Inc: In the third quarter of 2023, only six us banks had non-mortgage consumer loans (personal, student, etc), measured at...
January 19, 2024
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
Skechers USA Inc
Skechers’ family troubles
...Inc., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
March 8, 2024
Britain after Brexit
Freeports are a regional industrial strategy that dare not speak its name Premium content
...Brexit in numbers Today’s chart is based on a piece of work by Boston Consulting Group that predicts that shifts in global trade flows towards more regional supply chains will result in UK goods trade with...
January 11, 2024
Citigroup Inc
Citi raises CEO Jane Fraser’s pay to $26mn citing streamlining of strategy
...Fraser, a veteran of the consulting firm McKinsey and investment bank Goldman Sachs, took over in early 2021 with a mandate to fix Citi after the bank had underperformed its peers for years....
February 20, 2024
Middle East
Alvarez & Marsal restructuring executive detained in UAE
...An executive from consulting firm Alvarez & Marsal was detained in the United Arab Emirates while working to overhaul a Nasdaq-listed company that US authorities charged with fraud last month, according...
January 15, 2024
Equities
Move over Tesla, there’s a new options monster in town
...The rolling five-day average notional value of options tied to Nvidia has soared above $100bn this year, according to numbers compiled for FT Alphaville by Asym500, a derivatives consulting firm....
February 15, 2024
Britain after Brexit
Brexit brings with it a new kind of uncertainty Premium content
...This is shown by this week’s chart which is taken from a fascinating deep dive into UK trade performance by the Boston Consulting Group’s centre for growth, which is run by Raoul Ruparel, who in a previous...
November 23, 2023
Chinese business & finance
US consultancy Gallup withdraws from China
...Gallup, the polling and consulting group, is pulling out of China, making it the latest foreign company to retrench from the country amid rising scrutiny of western consultancies and whipsawing geopolitical...
November 4, 2023
PGA Tour Inc.
US senator vows to fight on against Saudi influence over golf
...The investigation has pulled American consulting firms into the congressional crosshairs....
February 12, 2024
Victoria PLC
Victoria plc’s audit nightmare
“We were therefore unable to reduce the risk of material fraud or error to an acceptable level”
September 24, 2023
Private equity
Asian private equity firms use controversial route to exit investments Premium content
...A version of this article was first published by Nikkei Asia on February 27. ©2024 Nikkei Inc. All rights reserved....
March 7, 2024

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