October 18, 2024
McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar with the matter. A settlement, which could …
August 15, 2024
McKinsey & Co. is seeing an increase in the number of clients seeking artificial intelligence-linked projects, as faster adoption of the technology helps the consulting titan and its peers boost revenue following a period of tumult. About 40% of the …
September 26, 2022
Global financial firms, still smarting from multi-billion dollar losses in Russia, are now reassessing the risks of doing business in Greater China after an escalation of tensions over Taiwan. Lenders including Societe Generale SA, JPMorgan Chase & Co., UBS Group …
January 17, 2022
The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID quarantine rules, throwing the Swiss financial giant into fresh turmoil as it struggles to emerge from a series of scandals. …
April 29, 2016
Hackers are likely to get away with about $70 million of Bangladesh’s foreign reserves after a brazen cyber-attack against the South Asian nation, according to Finance Minister Abul Maal Abdul Muhith. The Philippines — where most of the funds ended …
April 14, 2016
Swiss Re AG and Britain’s Legal & General Group Plc are among firms considering bids for Deutsche Bank AG’s insurance business Abbey Life Assurance Co., according to people with knowledge of their plans. Deutsche Bank is seeking bids by the …
January 16, 2015
RSA Insurance Group plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise capital, people with knowledge of the matter said. RSA, whose operations span Europe, Asia, Latin America and Canada, is working …
July 10, 2013
High taxation and new regulations are among the most pressing concerns for senior European company executives, according to a survey by Lloyd’s of London. The Lloyd’s Risk Index survey also found executives were worried about losing customers and the availability …
June 6, 2013
Most U.K. financial-services employees say some within their companies are paid too much amid negative public sentiment toward the industry, according to a survey by the Chartered Institute of Personnel & Development. Three-quarters of those surveyed said some colleagues are …