Boston Consulting Group | Global news | Banking

An overview of Boston Consulting Group global news:

Middle East

Middle East asset management sector grows 13% to $2.3 trillion The global asset management industry’s assets rose to nearly $120 trillion in 2023, with the Middle East’s asset management sector among the fastest growing in the landscape.
02 September 2024
Germany

Deutsche Bank division cuts external consultancy spend by 70% Deutsche Bank’s private banking division has slashed spending on external consultants by 70% under its new head, Claudio de Sanctis, as part of a broader effort to boost profitability following a fai
08 July 2024
United Kingdom

Barclays selects Boston Consulting Group for strategy refresh Consultants from Boston Consulting Group have been selected for a new strategic review with Barclays.
05 June 2023
Saudi Arabia

Saudi Arabia’s banking sector set for further gains Following a boom last year, Saudi Arabia’s banking sector is set for further gains in the coming years, according to a forecast by Boston Consulting Group.
23 May 2023
Greece

Attica Bank reveals BCG-developed strategic plan Greek bank Attica Bank has unveiled early details of its new strategy for the coming years.
27 June 2022
Saudi Arabia

Most Saudi consumers are open to switching banks, says BCG More than half of consumers in Saudi Arabia are open to switching to another bank, according to a new study by Boston Consulting Group, as competition intensifies amid the rise of digital challenger
18 November 2021
Europe

Decentralised finance a tremendous opportunity for Europe Although limited in its value for financial services so far, blockchain-based decentralised finance might be a boon for Europe’s small and medium enterprise (SME) segment. BCG Platinion and Crypto.
02 December 2020
Middle East

Women in the Middle East will soon hold $1 trillion in wealth Women in countries across the Middle East are getting wealthier.
16 June 2020
United States

Covid-19 makes transformation more urgent for banks The Covid-19 pandemic has compounded the issues global banks faced before the crisis.
28 April 2020
Europe

Four ways banks can improve risk & compliance efficiency Financial penalties paid by large banks to supervisory bodies and regulators has in the past decade amounted nearly $400 billion, according to a report by Boston Consulting Group.
24 April 2020
Germany

BCG evaluates Commerzbank strategy for German Government A report to Germany’s top politicians has called for Commerzbank to step up its digital transformation.
02 March 2020
Asia

Former BCG country head Douglas Jackson recruited to Standard Chartered Standard Chartered has recruited former BCG Vietnam head Douglas Jackson as its new managing director for group strategy – marking the latest in a string of consultant signings.
10 February 2020
United States

To stay relevant, banks must digitize: BCG As the business landscape becomes increasingly digitized, banks would do well to adopt new technologies and advance their digital capabilities, according to “Banks Brace for a New Wave of Digital Dis
30 July 2019
United Kingdom

'Nouveau riche' present key opportunity for wealth managers As competition heats up, new opportunities are on the horizon for wealth management experts, as the number of affluent individuals grows globally.
11 July 2019
United States

Payments market projected to see 6.6% annual growth to 2027 Bank payment systems are big revenue generators for incumbent banks, and growth in the segment is projected to continue at a rapid 6.6% annual increase, from 1.3 trillion in 2018 to 2.
17 April 2019
United Kingdom

Asset management sector doubles holdings to $79 trillion in 10 years Asset managers had a strong 2017, as new money entered their catchments, global markets boomed and new products were developed.
31 October 2018
United Kingdom

Growing number of junior bankers switching to MBB consultancies An increasing number of junior banking professionals are considering shifting to the world’s largest strategy consultancies, according to a number of young professionals in both sectors.
07 September 2018
Europe

European banking industry faces another dip in economic profit Economic profit remains difficult to generate in global banking.
15 March 2018
United Kingdom

Banks payment revenues to hit $1 trillion by 2026 Banks’ payment segments are set to see strong growth in retail and wholesale markets on the back of booming emerging markets – boosting revenues by $1 trillion to 2026.
05 January 2018
United Kingdom

Former BCG and Strategy& partner Thomas Achhorner joins additiv Former BCG partner Thomas Achhorner has joined additiv, a Zurich-based provider of technology solutions to the financial services industry.
14 August 2017
United Kingdom

Client experience key to rebuilding wealth management profit Wealth managers continue to see their pre-tax profits erode as revenues decline further, however a new report highlights that many wealth managers have finally managed to stem the bleeding.
02 August 2017
Middle East

Middle East and Africa private wealth to reach $12 trillion, says BCG Private Wealth in the Middle East and Africa (MEA) region is set to expand rapidly over the next five years to reach a staggering figure of $12 trillion, according to a report from the Boston Consulting Group.
14 June 2017
United Kingdom

Investment banks continue to lose ground in capital markets industry Investment banks continue to lose ground in the capital markets industry, new research finds.
09 May 2017
United Kingdom

Global payments revenues to hit $2 trillion by 2025, emerging economies lead The global payments industry is set to enjoy revenue growth of more than $800 billion between now and 2025 on the back of strong growth within emerging markets.
11 October 2016
United Kingdom

Comerica hires Boston Consulting Group to deliver strategic plan The Boston Consulting Group has been hired by US-based bank Comerica to run a strategic review of its expenses and to identify areas of revenue expansion.
29 June 2016
United Kingdom

BCG buys stake in matchmaking platform Opportunity Network BCG has intensified its partnership with Opportunity Network.
18 April 2016
United Kingdom

BCG: Transactional-banking revenues grow to 2 trillion The transactional-banking market is projected to grow $900 billion to almost $2 trillion by 2024, research by BCG shows.
06 January 2016
United Kingdom

Advisors earned 153 million from Irish banking crisis Between 2008 and the 2014 external advisors, lawyers and consultants supporting the Irish banking crisis racked in €152.7 million in fees.
13 October 2015
United Kingdom

BNP Paribas turns to Oliver Wyman and BCG for revamp To revamp its costs-to-income profile, French bank BNP is seeking to cut costs by 20% by 2019, while also increasing revenues. To bring its ambition to reality, the bank hired consultancies Oliver Wyman and the Boston Consulting Group. Already set
01 September 2015
United Kingdom

BCG helps Italian central bank with setup of bad bank The Italian central bank has hired The Boston Consulting Group to develop and establish a ‘bad bank’ asset management company, that will be used to deal with the pile of non-performing loans on the b
10 August 2015
United Kingdom

Corporate banking revenue to reach 2.8 trillion by 2020 Total global corporate banking revenue is expected to grow to $2.8 trillion by 2020, research by the Boston Consulting Group shows. According to the firm, revenue growth is expected to increase for the industry across all regions, with the Asian-Pa
28 July 2015
United Kingdom

BCG: Banks regaining their economic profitability The financial crises had a substantial effect on the economic profit (EP) generation of banks, especially in North America and Europe, concludes consulting firm The Boston Consulting Group. Six years after the crisis, North American banking institu
08 January 2015

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