May 2023 Non-Farm Payroll Eve

McKinsey Faces Criminal Probe Over Alleged Role in Opioid Epidemic

Today’s News McKinsey & Company is facing a criminal investigation initiated by the U.S. Justice Department, focusing on allegations suggesting the consultancy played a pivotal role in worsening the opioid crisis. The inquiry centers on McKinsey’s interactions with Purdue Pharma, the manufacturer of OxyContin, as well as other pharmaceutical companies. The primary focus of […]

2024-4-26 | Industry Dynamics

Kotak Mahindra Bank Barred from Digital Expansion

Today’s News India’s central bank has taken stringent action against Kotak Mahindra Bank, prohibiting the institution from issuing credit cards and onboarding new digital and mobile banking customers. This move signals a significant escalation in regulatory enforcement within India’s consumer finance sector. The Reserve Bank of India (RBI) cited “serious deficiencies” in IT risk management […]

2024-4-25 | Industry Dynamics

JPMorgan CEO Jamie Dimon Bullish on U.S. Economic Boom

Today’s News JPMorgan Chase CEO, Jamie Dimon, exudes confidence in the thriving U.S. economy, citing robust employment and healthy consumer finances. Speaking at an Economic Club of New York event, Dimon describes the current economic boom as “unbelievable,” remarking, “Even if we go into recession, the consumer’s still in good shape.” Despite this optimism, Dimon cautions against […]

2024-4-24 | Industry Dynamics