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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...From customer service chatbots to data migration and overhauling research and development in healthcare, Schweizer said BCG is helping companies use AI to cut costs and increase productivity....
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
Financial Adviser Service Awards 2024
Who gives you 5 star service?
Thursday, 21 NovemberNatural History Museum, Cromwell Road, London, UK
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
Chinese society
Netflix adaptation of sci-fi novel ‘The Three-Body Problem’ sparks anger in China
...access to a service or bypasses censors....
March 29, 2024
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
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
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
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
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
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
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
...But, as with all things in financial services, the hand that giveth is the hand that takes away....
January 19, 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
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
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
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
Britain after Brexit
Freeports are a regional industrial strategy that dare not speak its name Premium content
...The further challenge for the UK (which has a resilient services sector), adds Figures, is that modern goods increasingly come bundled with services — like connected cars — which will weigh on UK trade....
January 11, 2024
Victoria PLC
Victoria plc’s audit nightmare
...This matter was reviewed by executive management and in discussion with the Board it was decided to appoint an external professional services firm (Big Four Accounting Firm) to assist in performing a number...
September 24, 2023
News in-depthJPMorgan Chase & Co
JPMorgan vs Citi: the Wall Street fight to bank New York’s top lawyers
...Citi and Wells provide lawyers with a quasi-consulting service by offering granular market intelligence on how their firm compares to the wider industry, including on metrics such as hourly rates, hours...
November 28, 2023
Due Diligence
The coming wave of private capital consolidation Premium content
...And: 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....
January 16, 2024
Due Diligence
The Wall Street bank cosying up to superstar lawyers Premium content
...One reason JPMorgan has been unsuccessful is that Citi and Wells offer quasi-consulting services to law firms that provide detailed intelligence on how they compare with their rivals....
November 28, 2023
News in-depthT Rowe Price Group Inc
T Rowe Price chief says worst is over after heaviest ever year for outflows
.../ From E R Yescombe, YCL Consulting, London N10, UK...
December 29, 2023
Chinese business & finance
Work dries up for US consultancies in China after national security raids
...“Clients are saying we can no longer work with American consulting firms,” said one executive at a US consultancy....
July 23, 2023
Apple Inc
Apple boosts plans to bring generative AI to iPhones
...Apple’s goal appears to be operating generative AI through mobile devices, which would allow AI chatbots and apps to run on the phone’s own hardware and software rather than be powered by cloud services...
January 24, 2024
Management consulting
Bain hires former UK minister Gerry Grimstone for Saudi project
Appointment comes after government lifted ban on consultancy tenders imposed over South Africa scandal
September 28, 2023

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