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McKinsey
McKinsey website touted its advice to Chinese government ministries
...An article on the central government’s website, published by the official Xinhua news agency, noted that in March 2007, to “leverage external brains and gather a wide range of ideas”, McKinsey’s China arm...
February 27, 2024
McKinsey
McKinsey’s Bob Sternfels forced into a run-off in leadership ballot
...Zemmel, a 29-year veteran of the firm based in New York, is the global leader of McKinsey Digital, which advises companies on digital transformation and data analytics....
January 26, 2024
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
McKinsey
McKinsey-led think-tank advised China on policy that fed US tensions
...robotics to aerospace and new energy vehicles....
February 23, 2024
Donald Trump
Donald Trump’s lawyers say he cannot raise bond in $464mn New York fraud case
...One of the largest penalties imposed on a New York corporation, the judgment has deepened the former president’s ballooning legal costs, which he is struggling to cover while mounting a campaign for the...
March 18, 2024
WPP PLC
Ogilvy forms health influencer unit to target ‘new frontier’ in marketing
...Influencers affiliated with Ogilvy will need to clearly say when they are being paid by a pharma company....
April 23, 2024
McKinsey
McKinsey faces US criminal investigation over opioid industry work
...McKinsey is facing a criminal investigation in the US over its work for opioid manufacturers, piling new pressure on a firm that has paid almost $1bn to settle civil claims that its advice fed an epidemic...
April 24, 2024
FT Live
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
News in-depthProfessional services
Consulting firms step up efforts to push out their low performers
...Don’t we advise companies on this?”...
April 22, 2024
McKinsey
McKinsey in soul-searching mood after Bob Sternfels’ re-election
...When Bob Sternfels welcomed guests to a memorial for McKinsey’s revered former global managing partner Ron Daniel on New York’s Park Avenue last Thursday, it was not clear if his own tenure in that role...
February 5, 2024
McKinsey
McKinsey partners re-elect Bob Sternfels after leadership challenge
...Sternfels has doubled down on Sneader’s investments in risk and compliance functions and new processes to vet clients following a series of scandals, including over the firm’s work for drug companies accused...
February 2, 2024
US foreign policy
McKinsey and BCG accused of withholding information on ties with Saudi Arabia
...McKinsey has produced 1,548 pages of records, 862 of which are calendar invitations or emails containing publicly available news clippings, it said....
February 1, 2024
Jefferies Group Inc
Jefferies boss sells $65mn in stock to buy a customer’s yacht
...Handler’s remaining shares in New York-based Jefferies are worth more than $800mn. Bloomberg in 2021 estimated his net worth at more than $1bn....
April 24, 2024
Transcript
Transcript: McKinsey’s China problem
...There’s been renewed calls for McKinsey to be stripped of its contracts for the Pentagon and a moratorium on new work for the federal government more generally....
February 29, 2024
News in-depthMcKinsey
Bob Sternfels faces opposition to re-election as head of McKinsey
...Under Sternfels, the firm has doubled down on Sneader’s investments in risk and compliance functions and new processes to vet clients, which many partners accept are vital for managing a large organisation...
January 21, 2024
FirstFT
FirstFT: McKinsey website touted its consulting for Chinese government ministries
...Media: The death of a New York City owl last week revealed two different approaches to news in the 21st century, writes Stephen Bush....
February 27, 2024
News in-depthMcKinsey
McKinsey’s revenue from prime US government contracts falls to 9-year low
...The new contract includes a cut to McKinsey’s fees for some work. The agreement sets out hourly rates that range from $1,148 for a senior partner to $116 for a team assistant....
January 14, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
McKinsey
US Republicans call for McKinsey to be banned from federal contracts
...“It’s shocking that a US company allegedly supported the Chinese Communist party’s efforts to develop policies and plans that violate international trade rules and threaten American national security and...
February 24, 2024
Unhedged
Where Tesla departs from the Mag 7 Premium content
...The company’s upcoming $25,000 car, set for 2025, could unlock a new tranche of customers. Chinese demand could start rising again....
April 3, 2024
New York Community Bancorp Inc
NYCB to raise $1bn in deal led by Steven Mnuchin’s investment firm
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
March 6, 2024
Accounting & Consulting services
McKinsey and BCG warn staff face jail if they reveal Saudi work
...“We want to determine what work these companies have done and are doing that allows a foreign sovereign to use instruments of commerce in the United States to increase its influence within our shores, and...
February 6, 2024
Management consulting
Consulting firms freeze US starting salaries in bid to shore up profit
...McKinsey pays a base salary of $192,000 for a new recruit from business school, according to Management Consulted, a company that coaches students through consulting firms’ interview process and tracks pay...
November 5, 2023
Due Diligence
Who’s getting rich from CVC’s IPO? Premium content
...It underscores the size gap between CVC and its rivals in New York....
April 23, 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
LexInsider trading
Insider trading ruling is a warning for executives who get creative Premium content
...How certain could he have been that Incyte would rise on the Medivation deal news? Companies warn their employees about trading in their employer’s shares....
April 24, 2024
FirstFT
FirstFT: NYSE canvasses clients for 24/7 trading
...We start the week with a scoop on the growing clamour for a 24/7 New York bourse....
April 22, 2024
New York Community Bank
Number of weak US banks jumps as NYCB stabilised on $1bn capital raise
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
March 8, 2024

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