McKinsey to banks: innovate or die

Oct 22, 2019
Traditional banks are ceding market share to new platforms.
IndyMac Bank failed during the last recession. Above, customers are allowed into a branch in Pasadena, California after the federal government seized the failing bank in 2008.
David McNew/Getty Images

Rhetoric aside, a global downturn would hit the U.S., too.

Dec 10, 2018
Economic growth in the rest of the world will slow next year. And that slowing growth will take a bit of wind out the U.S. economy’s sails. So said Maurice Obstfeld, the outgoing chief economist of the IMF, this past weekend.…