Mckinsey news and trends

Ex-McKinsey Partner Pleads Guilty to GreenSky Insider Trading Charges
Security & Fraud // December 15, 2021

Ex-McKinsey partner Puneet Dikshit, 40, has pled guilty to securities fraud, CNBC writes.  Dikshit reportedly made bets ahead of the Goldman Sachs acquisition of FinTech GreenSky for $2.2 billion.  Dikshit had been accused of insider trading last month, with the charge being that he used...

Travel Industry Fights Infection With Steep Discounts
Ecosystems // March 09, 2020

Dining out without actually going anywhere has spawned the “ghost kitchen” phenomenon, which sparks the question of whether the coronavirus will produce something similar – “ghost vacations.” The travel industry, which has been hit hard by uncertainty, has embarked on deep discounting that might be...

Study: FIs Must Be Stronger To Prepare For Economic Slump
Banking // October 22, 2019

McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct. 21). “We believe we’re in the late economic cycle and banks need to make bold moves now because they are...

Target Names New Executive To Oversee Strategy And Innovation
Retail // August 24, 2017

Retailer Target announced Wednesday (Aug. 23) the appointment of  Minsok Pak as executive vice president, chief strategy and innovation officer. In a press release the company said that in his new role Pak will be responsible for Target’s enterprise strategy development and retail innovation with...

Quick Reads
Ex-McKinsey Partner Pleads Guilty to GreenSky Insider Trading Charges

December 15, 2021
Ex-McKinsey partner Puneet Dikshit, 40, has pled guilty to securities fraud, CNBC writes.  Dikshit reportedly made bets ahead of the Goldman Sachs acquisition of FinTech GreenSky for $2.2 billion.  Dikshit had been accused of insider trading last month, with the charge being that he used info he got from his advising of Goldman on the […]

Study: FIs Must Be Stronger To Prepare For Economic Slump

October 22, 2019
McKinsey’s annual review of global banks shows that financial institutions are generally not strong enough to weather an economic slump, Bloomberg reported on Monday (Oct. 21). “We believe we’re in...

Target Names New Executive To Oversee Strategy And Innovation

August 24, 2017
Retailer Target announced Wednesday (Aug. 23) the appointment of  Minsok Pak as executive vice president, chief strategy and innovation officer. In a press release the company said that in his...

Tech Startups Cutting Into Retail Banks’ Profits

October 01, 2015
There are the startups that are upstarts, and then there are the startups that are giant killers. For the banking industry, the latter may be lurking. As The Globe and Mail...