McKinsey & Company
McKinsey & Company is a global management consulting firm founded in 1926 by University of Chicago professor James O. McKinsey, that offers professional services to corporations, governments, and other organizations
See below for the Latest McKinsey & Company News, Analysis, Profit Results, Share Price Information, and Commentary
Banks face value creation challenge despite record revenues
                                                                                 
                    
                    Declining interest rates and mixed record on productivity growth keep markets skeptical.
                
                                
            Banks face value creation challenge despite record revenues
                                                                                                                 
                            
                            Declining interest rates and mixed record on productivity growth keep markets skeptical.
                        
                                                
                        
    
                    SMEs propel growth in Asia’s corporate banking
                                                                                                 
                        
                        Asia’s CIB is projected to grow by 7% annually through 2027.
                    
                                        
                    
                Singapore, Hong Kong banks tap APAC family office boom
                                                                                                 
                        
                        They can help manage costs, which could balloon to 3% of assets.
                    
                                        
                    
                Centralised AI models propel financial institutions' success
                                                                                                 
                        
                        Financial sectors see major benefits from centralised AI strategies, though future shifts are anticipated.
                    
                                        
                    
                How have banks’ wealth management pivots played out?
                                                                                                 
                        
                        There’s up to $25b in fees to be made in Asia, but it’s a tough market, an analyst said.
                    
                                        
                    
                Here’s five big shifts that will shape corporate, investment banking in 2024
                                                                                                 
                        
                        Shifting lending dynamics and regulations is changing the way they do business.
                    
                                        
                    
                Banking sector leverages Gen AI for enhanced productivity
                                                                                                 
                        
                        Banking industry is expected to reap $200 to $340 billion USD largely by using generative AI to increase productivity.
                    
                                        
                    
                Saxo CEO stresses digital wealth’s key role in investment access
                                                                                                 
                        
                        The wealthtech industry is expected to skyrocket its ‘onshore’ PFA of around $81t (SG$108.27t/HK$632.82t) by 2027, driven by Singapore and Hong Kong markets.
                    
                                        
                    
                Gen AI to add up to $340b new value to banks: McKinsey
                                                                                                 
                        
                        It will add $56b and $54b in new value to corporate and retail banking, respectively.
                    
                                        
                    
                APAC wealth management integration set to grow by 5% in 2027
                                                                                                 
                        
                        Rapid expansion in wealth and cross-border activities positions Asia-Pacific as a global leader in wealth management.